XAUUSD Update Oct 24 2019: Reached Channel Top Line

Gold has reached the top line of the yellow channel. It seems that double top will be confirmed on 1h chart, and 1502 break is a fakeout.
It's possible that Gold will down to 1490 then up again.

First support, 1496.88 - 1497.3

Yorum:

Gold bounced from 0.236 1499. It looks like a strong bull trend.
Short is risky now.