Dear traders.
GOLD created descending and shrinking channel between 1348 and 1321 levels.
What will we observe this week? This is main question!
I see, there are some important levels between the channel. These are 1338 and 1345.
I think, we have to wait for these levels. If price will go these prices then we can open orders.
MY ADVICE: wait for any breakout.
IMPORTANT LEVELS:
UP: 1345 , 1349 , 1357
DOWN: 1328 , 1320
GOLD created descending and shrinking channel between 1348 and 1321 levels.
What will we observe this week? This is main question!
I see, there are some important levels between the channel. These are 1338 and 1345.
I think, we have to wait for these levels. If price will go these prices then we can open orders.
MY ADVICE: wait for any breakout.
IMPORTANT LEVELS:
UP: 1345 , 1349 , 1357
DOWN: 1328 , 1320