After an strong bullish trend , gold's chart reacted to 78.6% fibo retracement and got stuck in a triangle waiting to see if it wants to break the long time support price which is 1920$(on 01 sep 2011).after breaking this price(1920) now it made a downward channel which yet needs validation alongside another channel which provides a dynamic support to help the price rise. these two channel exactly crossed each other today and it seems that we have to wait and see which are more confining.
FibonacciGoldParallel ChannelSupport and ResistanceTrend Analysis

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