Gold price reaches the top of the channel,time for a correction?
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Hello traders, in my previous Gold idea, I recommended buying Gold between 1760-1767 with SL below 1752 and TP at 1815. As you can see, it was a great buy trade and whoever followed made very good profit(previous idea attached below).
Currently, Gold has reached the top of a long-term price channel on the daily chart. So, there might be a correction soon.
If bearish price action happens at the top of the channel a low-risk sell @1840-1850 with SL above 1860 and TP at 1800 would be a possible sell trade.