In the chart H1 and H4 we can see the channel in which the course moves. The weekly chart shows that the rate climbs to the upper limit of the triangle. However, the monthly chart shows that the course is slowly starting to go up. Thus, I expect gold increases. After the break of the week's resistance (the red line), he should easily deal with the next resistance (blue line). (If the course does not cope with weekly resistance, I expect to return to the channel.) Up, Up, Up, gold!
Yorum:
still moving in yellow channel. if break it, go to arround 1285. If back up, course should be going to the upper limit of the channel.