Gold is slowly recovering after its quick decline last week. Now, it seems that the price is reversing from the lower trend line of the channel, marking the way for a new uptrend.

The most risky trade would be to wait for the price to touch the upper trend line. A more conservative approach would be to wait for the price to reach R1, the last high. Happy trading.
Bullish PatternsChart PatternsForexGoldTechnical IndicatorsParallel ChannelreversalTrend AnalysisuptrendUSDXAU

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