Probably the most simple outlook we've had on gold for a long time.
Clear ascending channel creating Higher High's and Higher Low's, ideal buys would be off the 3rd trendline touch, with sells only applicable with a break of the structure.
Also, above 1915 and below 1930 is a no trade zone for me - the grey area represents DAILY resistance. Strong resistance respected on across many days.
Also note the WEEKLY trendline in red currently coming into play!
Clear ascending channel creating Higher High's and Higher Low's, ideal buys would be off the 3rd trendline touch, with sells only applicable with a break of the structure.
Also, above 1915 and below 1930 is a no trade zone for me - the grey area represents DAILY resistance. Strong resistance respected on across many days.
Also note the WEEKLY trendline in red currently coming into play!
