Gold Spot / U.S. Dollar
Short
Updated

XAUUSD: pressure for h1 chart to correction

1 393
Traders,

We have a wedge and a channel to follow gold's movement.

Gold is getting close to the end of the wedge, and this pressure is for a correction so far to our concern.

On the other hand, gold can still touch 1241 once before the correction.

Lets see what happen during NY session.

Less is more!
Note
wedge failed, now on channel abc to see how gold will go.
Note
checking if gold will go alone with the upside of the channel.
Note
This 1H channel failed to stop gold moving up.
Note
XAUUSD: channel broke for gold to up next 2 wks to 1260
Note
Gold is still on its way to touch 1250-1260 zone.
Note
snapshot

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