Gold is testing the uptrend channel support line
On the Gold daily chart, we can see that the instrument is testing the uptrend support channel line 1280 level. This level needs to hold for the upside continuation and an extension into the 1330 level. Only a daily close below the 1280 level will invalidate the upside scenario.
Note: look for the short trade entries with the stop loss above the 1280 levelÂ
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