Gold Spot / U.S. DollarUpdated GOLD parallel chanel
Long time haven't I posted GOLD chart. Meanwhile its moving sideway within strict parallel channel between ~1676 and 1747. Nearest support at ~1700, but should drop to the bottom of that channel as well.
Resistance 1730 - 1738 - 1747 - 1765
Support 1715 - 1705 - 1697 - 1676
Resistance 1730 - 1738 - 1747 - 1765
Support 1715 - 1705 - 1697 - 1676
Note
Gold bounced from middle line and making attempt to break the parallel channel - target for breakout 1796
Resistance 1765 - 1772 - 1796
Support 1747 - 1738 - 1730 - 1715 - 1705
Note
Gold is going to test 1770-1780 resistance once again. This time it gained some volume on the dip, so chances increased.
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Disclaimer
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