Another look on Gold’s bearish channel (Oct. 10, 2022)

Gold bugs will need to push Gold out of the trend channel (around $1,740 now) in order to make the first step toward a major trend reversal. Till then, shorts are keeping the upper hand with the recent post-pandemic low being a clearly discernible target.

Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!