The price is moving in a trend channel.
The price also rejected the 1530-1545 zone. Gold needs to break the blue zone and come back for a retest.
From there a buy position can be entered.
For an agressive trading-style pullbacks from the upper channel to the lower channel can also be tradet.
Target is around 1800.
The price also rejected the 1530-1545 zone. Gold needs to break the blue zone and come back for a retest.
From there a buy position can be entered.
For an agressive trading-style pullbacks from the upper channel to the lower channel can also be tradet.
Target is around 1800.