Gold: Two Potential Scenarios on Going Long

In this video, we may see two way we may trade gold in the upcoming week. Price is being moving into a rising channel, strengthing into the overall trend, and after an impulse to the upside it is now developing a correction moving to the down. In the hourly chart we identified a key support level where we may watch for a buy setup completion. Otherwise we may just wait for price to break above the rising channel and see if we can get a pullback to the upper parallel where, once again we should start looking for longs.

Feel free like, comment and share your thoughts.

Trade with care,
John