Thursday, October 13, 2016

Gold within 2 channels and some crucial decision price-time points...

Gold is within a broad ascending channel and a smaller (and more recent) descending channel.
Gold price currently hovers just above the lower band of the descending channel.
A possible significant decision point for gold is  ~1230 at around US general election date.
Another significant decision point  1303  at around Christmas.

Happy trading!