[Petronski]

"Bounced off the lower green channel?"

"Probably back in an up trend?"

"Probably?"



LOL

That's not remotely specific. Specificity is in Giant's Stadium, you're in the LA Coliseum.

[alrea]

There is a higher probability that gold will rise and stay in an up trend if prices do not penetrate the lower of the two parallel green lines. This higher probability factor is used by traders and investors to enter or exit positions.

You can make quite a bit of money in markets if you are able to trade in situations where you are correct about probability.

If gold broke below that green line there would be a higher probability that lower prices would occur. None of this is exact science but millions of dollars are extracted from markets every day by individuals entering and exiting trades based on channels and trendlines.