XAUUSD: channel broke for gold to up next 2 wks to 1260
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Hello, guys,
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold.
Less is more!
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold.
Less is more!
Note
lets me tell you one thing for sure, do not try to short gold.Note
gold is still heading to 1260 .Note
Do you know which channel to choose to follow ?
Note
Note
now the green line have been hit once.Price could highly possible to go higher than that.
Note
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