- May 12, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Channel Up on 4H.
Signal: Buy as the price successfully tested the former 1816.50 Resistance as Support. Stronger buy zone within the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line).
Target: 1855 and 1875 in extension (i.e. slightly below the next Resistance levels (and former Lower Highs during the February downtrend)).
Former Gold signal: