GOLD COMPLETE TECHNICAL ANALYSIS| ALL YOU NEED TO KNOW!

6 lis 2020

GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch.
We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios.
Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key level.
There, I want to see a sign that would convince me that the rally has stopped and I will be looking at the reversal signals then.
The target is now the broken horizontal resistance that was also the higher high of the 2012 rally.

For the full analysis please watch the video.

Thank you for the attention. Feel free to ask questions in the comments!
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See you all then!