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Short

XAUUSD: pressure for h1 chart to correction

FX:XAUUSD   Gold Spot / U.S. Dollar
Traders,

We have a wedge and a channel to follow gold's movement.

Gold is getting close to the end of the wedge , and this pressure is for a correction so far to our concern.

On the other hand, gold can still touch 1241 once before the correction.

Lets see what happen during NY session.

Less is more!
Jul 18
Comment: wedge failed, now on channel abc to see how gold will go.
Jul 19
Comment: checking if gold will go alone with the upside of the channel.
Jul 20
Comment: This 1H channel failed to stop gold moving up.
Jul 20
Comment:
Jul 20
Comment: Gold is still on its way to touch 1250-1260 zone.
Jul 20
Comment:
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i think it almost break through.. but dxy should find a support... should buy gold eailier,, usd has fell into a bottomless hole
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@popshvt, yeah, thats why now is on the channel.
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