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Gold Spot / U.S. Dollar
Long

gold ---> BROKE up the channel

By melikatrader94
Updated
hello guys...

gold formed a head and shoulder and broke up the descending channel as well

so now we can expect some small upward movement until it will touch:

  1. the head and shoulder target
    1. the next line of channel and flip area
      1. the QML


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Note
the blue area is great area for short position:

snapshot
Trade closed: target reached
the first circle touched!
Note
the correction is possible to touch the blue area first then start another upward movement!

snapshot
Note
in progress:

snapshot
Trade closed: target reached
so close to the next target:

snapshot
Beyond Technical AnalysisChart PatternsGoldTrend AnalysisXAUUSD
melikatrader94
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