Last Major analysis was violated and gold smashed past solid support @ 1764. As you can see here, price is approaching the bottom of a year-strong parallel channel which also aligns with a key support area (1670-80). Will be looking for buys at 1665-70 area. I'm suspecting that price will rise slightly throughout the night, where it could collapse around NFP time (Be careful) to our desired levels. This could finally be the end to golds year long retracement. We could be looking at a 4000pip move with 2-3 months.
Check Out my short trade on gold I was able to take
Make sure to follow
Check Out my short trade on gold I was able to take
Make sure to follow
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Be patient, no room for FOMO