As the gold is consolidating there is no clear view on price movement.
possible trading opportunity- scalping
1.if it respects the channel, we can scalp it in lower time frame from channel bottom to top and vice versa.
2.Wait for the price to continue in channel, if it rejects the resistance level and break the channel and pull back a little.
possible trading opportunity- scalping
1.if it respects the channel, we can scalp it in lower time frame from channel bottom to top and vice versa.
2.Wait for the price to continue in channel, if it rejects the resistance level and break the channel and pull back a little.
코멘트:
Gold did made a move as predicted, could have been a great opportunity if entered when it broke the channel and retested it