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.
評論
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Price pulled back at the sliding parallel. Watch for a buy setup at current level
its good to see that we have the same bias. I do recognize shoulders at 2017-06-20 and 2017-08-8 and this retouch should compliment your setup. good job
Fxprotrader
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@LucemAnb, Thank you mate.. Thanks for sharing your thoughts
malikmehboob
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Dear nowadays your folk lines doesnt seems be to inline with price. Look like there is some issue.
Fxprotrader
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@malikmehboob, Can you be more specific? Do you have a preview problem?
@malikmehboob, Thanks for letting me know.. I will contact the moderators to see if they can solve this..! I would appreciate if you could send me a link to share with them