melikatrader94

gold ---> BROKE up the channel

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys...

gold formed a head and shoulder and broke up the descending channel as well

so now we can expect some small upward movement until it will touch:

  1. the head and shoulder target
  2. the next line of channel and flip area
  3. the QML

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Comment:
the blue area is great area for short position:

Trade closed: target reached:
the first circle touched!
Comment:
the correction is possible to touch the blue area first then start another upward movement!

Comment:
in progress:

Trade closed: target reached:
so close to the next target:


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