Gold (Rising Channel) $2150 on Radar!
Salam,
According to above Rising channel pattern, If market breaks $1997 area ( Conflict
Area of Hull moving average, Resistance and Trend line) than we can see some bullish bias.
Moreover, 1hour candle close above $1997 level for Confirmation.
Target
$2030
Risk warning: if market drops and break $1978 area than cut and reverse because this channel is also looks
like a Rising wedge. Only enter after confirmation.
According to above Rising channel pattern, If market breaks $1997 area ( Conflict
Area of Hull moving average, Resistance and Trend line) than we can see some bullish bias.
Moreover, 1hour candle close above $1997 level for Confirmation.
Target
$2030
Risk warning: if market drops and break $1978 area than cut and reverse because this channel is also looks
like a Rising wedge. Only enter after confirmation.
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