GOLD : The downtrend channel

Range Trading Plan  A,B&C (1H chart)

A. reversal pattern at 1063.74 = buy signal ,

      –  target at upper trendline or breakout up channel or 1080.88 and 1087.45

B. Strong candle break below 1063.74 could target 1057.83 or breakout down channel (bearish continuation)

       ***  reversal at support zone area 1057.83-1052.96  = buy signal

c. wait for reveral pattern area 1086-1087 to confirm the bearish signal





Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.