Since the break of the down trend channel (purple line) gold has acted as a mirror to the bear trend with a surprising amount of accuracy with the exception of the consolidation period after brexit. Trade using the shape of the mirrored clone and set trades on the nearest support/resistance lines.
Note
Updated channel lines. We hit mid channel so are currently short acording to the clone. Clone says to accumalate longs around the channel bottom
Note
hold shorts until late april and exit if bottom trend line is reached. Hold longs until mid july
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Disclaimer
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.