Gold continues to be bullish, and as things stand, I am only looking for long positions.
Looking at the daily chart, we have a parallel channel that has formed. What I am looking at is the following :
A move down to daily demand at around 1700, which also coincides with the bottom of the channel trend line.
If PA is bullish on lower times frames, will look to long to the top of the channel trend line at around 1800.
Looking at the daily chart, we have a parallel channel that has formed. What I am looking at is the following :
A move down to daily demand at around 1700, which also coincides with the bottom of the channel trend line.
If PA is bullish on lower times frames, will look to long to the top of the channel trend line at around 1800.