GOLD (XAUUSD): Ascending Channel Short to Support
Price action analysis on GOLD.
The precious metal has shown resistance at the level of 1960 and closed the day in the ascending channel.
This has given me confirmation we are not ready to leave the ascending channel just yet.
Most likely we are going to test the bottom of the ascending channel once more.
Keep in mind that these are uncertain times and anything can happen.
This trade is not certain and not financial advice.
Good luck traders.
Price action analysis on GOLD.
The precious metal has shown resistance at the level of 1960 and closed the day in the ascending channel.
This has given me confirmation we are not ready to leave the ascending channel just yet.
Most likely we are going to test the bottom of the ascending channel once more.
Keep in mind that these are uncertain times and anything can happen.
This trade is not certain and not financial advice.
Good luck traders.