Looks to be in a channel right now through to mid Feb, after that we may see some correction. If it is, both sides could play the range and make healthy profits. but bulls can hold their positions longer.
Weekly chart:
Weekly chart:
Note
Running the channel perfectly, holding.Note
so after such a dramatic day, gold got tested and passed with flying colours.it touched and even peeked outside our lower channel but, was soon brought back.
The picture remains the same..north
Trade closed manually
Hi everyone, Let me start by apologising for not updating you on my progress regarding this chart. As soon as the channel waas broken with significance, the trade was manually closed and eopened around 56 mark. here's how I played the week just passed.
As you can see, it played out preetty close to my analysis. NFP was nothing more than a distraction from the direction and nothing more. So, it was handled with that in mind.
This trade is still open.
I'll be drawing up a plan for the week ahead. so please do follow so you get the notification of the chart.
Best of luk to all!
Note
Excuse the typo's...it's Saturday! :)Note
New chart 
Trade closed: target reached
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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.