GOLD - KEY ZONE REACHED | DESCENDING CHANNEL BREAKOUT OR BOUNCE?

٧ ديسمبر ٢٠٢٠

• Gold has been respecting the descending channel for some time now and we have approached the top of the channel.
  
• Gold could either reverse back down and consolidate before breaking out upwards or potentially power straight through.
  
• As a result, a short position is placed with a tight stop should gold push through and breakout of the channel.