Last corrective movement on the GOLD (H4) chart found itself inside an upward channel. Current price level is one of the previous low, which indicates a strong resistance.
Going to higher TF (D1) we can see a pin bar candle which occurred yesterday. When connecting it with resistance and the upper limit of abovementioned channel, we get a slippages forecast. It can be played sideways – we can now buy PUT option ore wait for another channel upper bound test.
OptionTrade offers 77% return for GOLD option. E.g. when you invest 100USD in PYT option (DOWN) and the price will be even slightly lower than in the point when you bought the option, OptionTrade pays you 177USD. If the price is higher, you will lose invested money. But you need to remember, that you cannot forfeit more than you trade. Open your account now!
