:: 4 H ::
On the short and medium term , Gold is trending up inside bullish channel .
Early on the 4H timeframe it broke a downtrend line with 2 tops and was successfully tested
As we mentioned before 1533 was a good level to buy at which worked as a support for the price to go higher .
Yesterday the price broke the recent resistance 1540 now retesting it
For those who missed the previous opportunity , Anwhere near 1540 is a good level to go long at with targets at 1550 then 1569.70 at the upper limit of the bullish channel .
SL should be place below 1529 as breaking it means breakout of the bullish channel .
