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XAUUSD Long - 4HR Parallel Channel + potential targets

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Emas Semerta / Dolar A.S. (OANDA:XAUUSD)  
avedistufenkdjian  
OANDA:XAUUSD   Emas Semerta / Dolar A.S.
Chart Patterns Beyond Technical Analysis
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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.
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