Gold Spot / U.S. DollarUpdated

Pay attention to the rising channel support

Gold retraced back to the bottom of the rising channel and rebounded a little bit. Pay attention to whether it will break the rising channel or continue going up.

Good luck for everyone!
Trade active
Gold breaks out of the decline channel and confirms a bull flag!
Trade closed manually
I closed longs.
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Note
Gold is still bullish. Pay attention to the resistance at 1353 which is a neckline. If it breaks, it will go to the previous high!
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Note
Elliott wave analysis on Gold (2016-08-07)

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