Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GOLD QUICK UPDATE đź“š
👉As we can see price is still overall bullish trading inside this channel from a long-term perspective, and price is still in a clean impulsive move.
👉Moreover, price is approaching a massive zone, round number (psychological level), adding on our upper bound of this channel, acting as an over-bought zone.
Where we will be looking for new shorts as a correction movement.
👉Meanwhile, price is still overall bullish from a short-term perspective, and for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
If the happens, then we will be looking for new longs around our lower support zone as a trend-following one.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
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