Gold Long idea

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Gold Long ideaGoldOANDA:XAUUSDKhan82The long term daily channel is quite clear and notice the current leg, although faced turbulence due to the war in the Middle East, has actually been going UP from the support. Recently it made a double bottom. It is not a move from resistance to the support. Therefore, I am expecting the price to reach the channel resistance from here, at least touch the channel resistance line and from there we will see if the price breaks above or goes down for deeper lower prices up to 3600-3500. But for now, with the positivity in the war situation and a possible deal between Iran and US, I am expecting a relief rally up to the channel resistance. Disclaimer: This analysis is for education purpose only and it is not an investment advice. Do your own analysis and always manage risk.