FX.co ★ Gold Leg Up Expected Soon!

Gold is trapped within a minor down channel. Registering an upside breakout above the downtrend line and passing above 1785.48 high could indicate a potential upwards movement.

It could decrease again only if it stays below the downtrend line. The downside target remains at the channel's downside line.

Conclusion!

Jumping and stabilizing above 1,785 high could bring us a buying opportunity.