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JayanVarsani

GOLD - KEY ZONE REACHED | DESCENDING CHANNEL BREAKOUT OR BOUNCE?

Short
CFD Oro (US$/OZ) (TVC:GOLD)  
JayanVarsani  
TVC:GOLD   CFD Oro (US$/OZ)
Chart Patterns Technical Indicators Trend Analysis Commodities Gold Silver Oil fx dollar USD EURUSD GBPUSD
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chartpattern indicator trendanalysis commodities gold silver oil fx dollar usd eurusd gbpusd
  • Gold has been respecting the descending channel for some time now and we have approached the top of the channel.
  • Gold could either reverse back down and consolidate before breaking out upwards or potentially power straight through.
  • As a result, a short position is placed with a tight stop should gold push through and breakout of the channel.

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