Very peculiar situation on Gold. After the market dropped nicely at the end of December, it started to recover steadily within a rising parallel channel.
While the market is staying within the channel you can consider intraday/scalping trades from its boundaries: buying the support and selling the resistance.
In case of a bearish breakout of its support, perceive the channel as a bearish flag pattern and sell the market with the initial target being 1782.
Good luck next week, traders!
❤️Please, support this idea with like and comment!❤️
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.