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Pondy_Traders

Gold -- One leg downside possible before the huge upmove

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Pondy_Traders  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Parallel Channel MCX goldtrading XAUUSD xauusdanalysis Commodities Forex parallelchanel
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supportandresistance parallelchannel mcx goldtrading xauusd xauusdanalysis commodities forex parallelchanel
Gold is in a parallel channel in Week TF. One leg of downside possible to $1580-$1600 for a big upside movement.

Sell Gold at $1880-$1850 for a $1600.

Buy Gold at $1580-$1600 for a target of $2200-$2500.
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