Gold long opportunity

٢٥ أكتوبر ٢٠١٧

On my previous gold trade we entered long at 1264 and went up to 1306. Now im looking for the next long opportunity within this uptrend channel. I have used the pitchfork to help me in viewing the channel and as we can see it has been respecting. Im looking to enter around 1250.5 due to spread. My initial limit was 1263 but i feel we break that here and go long from 1250.5. This will also be a bounce of the trendline/pitchfork. Im looking for the bounce of the .707 fib retracement