Looking at the daily chart of Gold what we may see is that price broke above the sliding parallel of the upslopin channel, with a lot of room ahead till the next potential resistance level. Sooner or later price probably will make a correction before keep moving upwards. A nice level to watch for a buy setup is the broken resistance level, now acting a support sliding parallel. In case a buy setups completes, a realistic profot target should be the upper parallel of the channel.
Yorum:
Price pulled back at the sliding parallel. Watch for a buy setup at current level
