Gold has show hedging power when news coming from Trump.And thanks for Trump, Gold hit left should again and forming a new for us to follow.
Btw, is that a here?
Yes, but lets just focus on our channel.
For weekly tgt , 1236 is our tp1
1200-1210 zone as tp2
1160-1180 zone as tp3.
Gold has a long way to drop down.
Less is more!
Even though gold's channel is still moving slowly up.
But RSI DIV appear on 4H chart.
second long trade now setup tp to 1280.
but gold now on the right shoulder without making a new high
So far, seems like gold is turning down after hitting the 1263, same high as last top.
There are 3 reasons for gold to short down to last low as a support.
More short trade signals should be up to 1275-1290,even 1303.
We will provide more details in a new chart.