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XAUUSD: can this channel go down to break 1300?

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Traders,

Even though we had a weak NFP last Friday, it did not help GOLD to climb too much as we wished.
The doji for yesterday tell us this .
And this new red channel hopefully could send gold to break the strong support 1300, which hold for almost 5 month.
Its time now.

Less is more!
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GOLD: a heavy head on wkly chart
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snapshot
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Better follow the trend of daily chart and ignore all the fluctuation on 1H or 4H chart now.
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This sideway movement must have lots of trader confused.
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But if you keep foucs on the assumed channel and the blue broken trendline, and wait for one more 4H candlestick, you can get the answer.
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4h chart is playing a RSI DIV game, which is good to our short trade so far still.
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Hello guys, I still think GOLD is having trouble to break 1322 round so far.
Lets see how it goes later when CPI comes out.
Trade fechado: objetivo atingido
FUNTRADER-Vera
Copy trading service：social.xm.com/s/kRqA3rRj ABC Swing trading strategy Course Consul wechat: ziyuvera
signalsofswingtrading.com
Tele: t.me/VeraFuntrader
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Chart PatternsTrend AnalysisWave Analysis

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Chart PatternsTrend AnalysisWave Analysis
FUNTRADER-Vera
Copy trading service：social.xm.com/s/kRqA3rRj ABC Swing trading strategy Course Consul wechat: ziyuvera
signalsofswingtrading.com
Tele: t.me/VeraFuntrader
Também em:

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.