GOLD UPDATE - Ascending channel fake out, watch next bar's close

Pembelian

CFD pada Emas ($AS/OZ) (TVC:GOLD)

TVC:GOLD CFD pada Emas ($AS/OZ)

- I posted an ascending channel idea yesterday here:

GOLD - At Ascending channel support with hidden bull divergence

- The last 4h candle made an attempt to breakdown through the ascending trend support of the pattern
- HOWEVER 1500 appears to be acting as strong support and provided the means for a clear fake out evidenced by the wick extending below the trend support

** Need to watch the next 4H candle's close carefully to full confirm/determine weather this is a real fake out or a fake-fake out

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