For GOLD BULLS: 2 key levels to hold are 1728 & 1718
At present, GOLD is trading above the descending channel.
The breakout of the channel is to be validated as support at 1728 for the bulls to stay in the game.
Pay Attn.: If it invalidates the breakout and closes inside the descending channel.
Trade Plan: I would suggest getting into sell trade if the rising trendline is broken around 1718, let it retest the resistance created by the channel and target (1700 - 1693 ), the midzone.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
The breakout of the channel is to be validated as support at 1728 for the bulls to stay in the game.
Pay Attn.: If it invalidates the breakout and closes inside the descending channel.
Trade Plan: I would suggest getting into sell trade if the rising trendline is broken around 1718, let it retest the resistance created by the channel and target (1700 - 1693 ), the midzone.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA