Trade Idea on Gold by ThinkingAntsOk GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! ThinkingAntsOk With this post we are not saying, "The price will start a bearish movement" What we want to express here is: IF the price starts a bearish movement (that would mean that the resistance zone was strong enough to make the price Re-enter again), We will trade it in this way. Main items we can see on the Daily Chart: a)The price is on an ascending channel b)Currently against the higher zone of the channel c)On the Same zone, we can see a Huge Resistance zone , that worked 3 times on the past d)We don't know yet if the price is going to break the level and start a new bullish movement or if the price will re-enter again on the range e)IF the price re-enter on the range, we will wait for the breakout of the ascending trendline + corrective Structure f)IF that happens, we will develop short setups towards the next Support zone .