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Gold created a local growth channel with a steep slope. We remain in an uptrend, and a possible correction may occur to the border of the channel, where there will be support. However, I would not try to enter a short position based on a rebound from the channel. The first picture shows the range that we can get in this or in the first half of next year. Personally, I don’t like one factor that has been repeating a lot in the gold chart, and that is the breakout before the right move. However, there was no breakout of the downward channel. Second image with a designated channel from the H4 interval.

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