Gold breaking trend channel...

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold breaking trend channel... ...the downside move in Gold does feel like it has been coming but has been hard to judge. Yesterday's break out of its trend channel and close below recent swing low 1225.70 has now set a bearish tone. Next target to the downside is the band 1190.43-1182.5 where a bounce should materialise. The lows indicated by arrows at 1211.20 and 1201.63 should not be seen as support but rather as targets to scale shorts or even pyramid shorts for the more

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