XAUUSD in horizontal channel soon breakout and ...?

28 Mar 2021

As we can see we expect rise after this range zone that shown with purple horizontal channel and to our targets and this range make gold stronger if we have breakout on channel higher side and why ?
beacuse so many sellers now are setting their stop loss near 1740-1750 and channel upper side and if breakout happen then this stop losses will pump price to targets .
Target :
A.1768

we should be careful about falling scenarios too and why ? beacuse horizontal channel are not always continuation patterns and some times are range before changing trend for example :


DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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