3012 Plan for Jan , what to do withGOLD inside the channel still

Hello traders,

For the last 2 trading days in 2020, we would suggest you keep away from trading but make some analysis on your trading pairs or commodities.

Gold on this weekly chart is sending us a message that the downtrend channel still valid. So taking it into consideation, we should not miss all thoses key positions.
Inside the channel, Gold might not stop dropping in Jan by making a new grand super impulse leg for its 5th wave. But there is a key position 1885 that we should not miss as it might be a weekly support for gold to go sideway to break the channel to continue current uptrend up to test weekly resistance 1967 in Jan, 2021.

For the grand super 5th wave, it would target 1760 where double bottom could make on weekly chart.

Good luck and be patient.
Happy New Year!
LESS IS MORE!

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