Scenarios for buying Gold!

Hello Everyone,

Dear Traders,
A triangle was formed for Gold
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After the break TP could be around top of this Channel
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However, an overbought witnessed in the LTF.
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We might see some corrections here!

This could be the potential channel in future moves of the gold.
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Two possible setups:
1-You can buy now and hope for sharp moves and your TP would be around top of channel.
2-You can wait for bottom of bullish potential LTF channel and set the TP as mid of the long-term channel
Chart PatternsGoldTrend AnalysisTriangleXAUUSD

Juga pada:

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