2Feb-5Feb24 NFP Gold Update - Price Path Through Trend Channel

XAUUSD New upward trend channel being created because of Lower Highs. Two possible paths price following through the trend channel.

Normally trend channel retracement path is limited to 50% but recently even the retracements are deep which makes the price touch the upward and downward trend line.
Chart PatternsgoldlonggoldtrendTechnical IndicatorsnfpTechnical AnalysisTrend Analysistrendchannels

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