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XAUUSD: can this channel go down to break 1300?

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Traders,

Even though we had a weak NFP last Friday, it did not help GOLD to climb too much as we wished.
The doji for yesterday tell us this .
And this new red channel hopefully could send gold to break the strong support 1300, which hold for almost 5 month.
Its time now.

Less is more!

Nota

Nota

Nota

Better follow the trend of daily chart and ignore all the fluctuation on 1H or 4H chart now.

Nota

This sideway movement must have lots of trader confused.

Nota

But if you keep foucs on the assumed channel and the blue broken trendline, and wait for one more 4H candlestick, you can get the answer.

Nota

4h chart is playing a RSI DIV game, which is good to our short trade so far still.

Nota

Hello guys, I still think GOLD is having trouble to break 1322 round so far.
Lets see how it goes later when CPI comes out.

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FUNTRADER-Vera

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