This how i see gold for me gold was in a long term corrective trend so usually any channel decending will make price break north and if price is acending price breaks south so i strongly feel like gold will sell for days or weeks then bounce up and it didnt give me any third touch on my upper red trendline and it didnt make any third touch on my downward bred trendline usually a third touch predicts breakout direction and on my point and figure chart gold is moving 4 x 2 ratio
Trade closed: target reached
FIRST TARGET REACHED NOW WE GOING NORTHTrade closed: target reached
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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.