Gold: Two Potential Scenarios on Going Long

25 thg 11, 2017

In this video, we may see two way we may trade gold in the upcoming week. Price is being moving into a rising channel, strengthing into the overall trend, and after an impulse to the upside it is now developing a correction moving to the down. In the hourly chart we identified a key support level where we may watch for a buy setup completion. Otherwise we may just wait for price to break above the rising channel and see if we can get a pullback to the upper parallel where, once again we should start looking for longs.

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Trade with care,
John