In my previous analysis I have gold to drop from the upper trendline for the descending channel (also around the 61.8% Fibonacci level). However over the past few weeks/months I have noticed a cup and handle being formed, if price breaks and retests the channel I will be looking to take a long position (no target as of yet) although price may drop lower before this big upside movement.
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Disclaimer
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.