GOLD ANALYSIS| WHAT TO EXPECT?

22. Okt. 2020

GOLD is moving in two parallel channel one within another.
For us to become bullish, we need to see green key level and the larger channel resistance to be broken to the upside.
Then, we can go long from pullback safely.
For us to become bearish, we need the small channel support to be broken downwards, and then we can go short on retest.
Even better if the retest also happens at the confluence of the two channel lines.
Before the breakout, however, I am neither bearish nor bullish.
Wait and let the market to give us a hint.

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