Gold Futures - Technical Levels
Gold tops out after printing a ATH back in August 2020 and then
Trades within a descending channel printing Lower highs and respecting the top and
bottom of the channel to contain the price action .
A strong break outside of the channel in August 21 followed
by a back test of the top of the channel in Sept and a healthy break
to the upside after Inflation reports at 30 year highs .
This leaves PA currently sitting at the POC, close above this region and we may test the next
resistance or close below and we have the marked supports in chart .
See my other chart on the DXY index ..linked below
Know your Invalidation and Trade your Plan , I hope this gives you some insight .
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