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Grizz01

Gold- Time for it to go back into its channel

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Grizz01  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD regression-trend-channel
10
0
trendanalysis chartpattern indicator xauusd regression-trend-channel
XAU/USD
De-escalation in the Middle East should result in a reset.

We see from the charts that the rally has caused a long rally wick that the market will eventually fill in.

As long as no further escalation in the Middle East, I see this heading back into its daily channel.

I’m looking at 1490-1480 by end of next week, and 1400 after that.

Good luck traders.
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