DeGRAM | GOLD reached the retracement level
GOLD is in a descending channel above the trend lines.
The chart maintains the descending structure.
The price growth has slowed down.
XAUUSD has reached the correction level and is now near the upper boundary of the channel.
We expect a pullback after a retest of the channel boundary.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The chart maintains the descending structure.
The price growth has slowed down.
XAUUSD has reached the correction level and is now near the upper boundary of the channel.
We expect a pullback after a retest of the channel boundary.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Nota
GOLD is in an ascending channel between the trend lines.
The chart maintains a descending structure.
The price has already reached the dynamic resistance and is moving below the correction level.
We expect a decline.
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