Common Ads 3 Rising Channel:
Gold has been bullish since the October low around 1183. Here are a few observations in the 1H chart.
1) A rising channel is forming and price action to start the week has respected the rising channel support pushing price to a new high on the month around 1235 during the 10/13 Asian session.
2) The 200-, 100-, and 50-hour simple moving averages (SMAs) have shifted into bullish alignment, are […]
