For now, gold is resisting this upper channel resistance, a strong bullish movement to 2040 just occurred and if the bulls can keep up this movement, then we will breakout from the upper channel.
For me personally, I think the lower channel will be broken and price will do a downtrend to my long term target: 1910, where we see a daily fair value gap and liquidity.
For me personally, I think the lower channel will be broken and price will do a downtrend to my long term target: 1910, where we see a daily fair value gap and liquidity.
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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.