GOLD has respected this ascending channel

Hello there, as you see in the chart, gold is at the bottom of its ascending channel right now and here is 1900 support level that has hold the price many times and also you can see that the price has respected the channel and a bounce from this level is probable. you can see that combination between RSI and the chart structure in 1h has given us many buying opportunity. and bouncing from here will give us another buying signal that will be good for swing traders. Entering between 1900 and 1903 will be good as it gives us a proper risk to reward. Stops will be placed below the previous low on 1896 and targets will be 1913,1920 and 1929.
please note that this is not a financial advice, take your own research and do it at your own risk.
Be profitable and good luck!