XAUUSD: can this channel go down to break 1300?

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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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 chiuso: obiettivo raggiunto