XAUUSD: channel broke for gold to up next 2 wks to 1260
Hello, guys,
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold.
Less is more!
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold.
Less is more!
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lets me tell you one thing for sure, do not try to short gold.
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gold is still heading to 1260 .
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Do you know which channel to choose to follow ?
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now the green line have been hit once.
Price could highly possible to go higher than that.
Price could highly possible to go higher than that.
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