Gold's short-term daily expectation

Channel of 1780 to 1840 is very important right now and current trend range.
We already see reversal from channel floor so there's high chance for immediate rise on market open.

A break below 1780 channel floor with daily close may change short-term to down-trend with potential as low as 1708.
This is the less likely scenario.

Crypto market uncertainty may cause rush into Gold and other precious metals.


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Do your own research and practice caution while trading leveraged products or trading in general.
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Trade attivo:

Range confirmation, 1825 was reached with a +$27 gain on buying Gold from 1798 when post published in under 24 hours.
1840 still on route with 1780 possible on downside retest

Trade chiuso: obiettivo raggiunto:

Kaboom!
1840 was reached and broken above with 1960 reached just a month after publish.
Support was kept above 1780 which meant bullish all the way!
Clear to see the high potential of Gold for this year