In this idea I suggest a short trade set-up after the price bounces from the resistance trendline of the parallel channel. All info with explanations can be found on the chart.
Note
There has been a lot of movement in gold ever since this idea. Most of it is fueled by the elections happening in the US right now.
You can follow the sequence to this trade by checking out my new and more elaborate idea here:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.