Buy Gold, trade within the channel

10 mar 2020

Monthly candles show an upward-sloping channel for Gold (in line with the current correction on the equities markets). You may opt for a long position once the mid of the channel (white line) is broken upwards or start short-selling once the price touches the upper limit (red line) of the channel. Another possibility is to wait until the entire cycle is finished and buy it from the bottom of the channel (green line).