XAUUSD Long - 4HR Parallel Channel + potential targets
Look for reasons to buy gold. The 4H Head & Shoulder + the parallel channel gives us a directional bias to go long on gold. We were at 4 year lows earlier this year and it is normal that demand at those prices would be high. Rising interest rates and a strong US dollar would tell us that gold is not in favor right now but I would beg to differ with all the political problems today and with uncertainty in the markets.