Since the beginning of April and the 1680 low, Gold has risen almost 2000 pips.
However, the rise is contained in a channel that is not the most bullish pattern out there, and at this point, the price is close to this channel's resistance.
A correction could follow at this point and 1840 confluence support could be bears target.
A break of this channel's support could lead to a deeper correction to 1800 zone.
However, the rise is contained in a channel that is not the most bullish pattern out there, and at this point, the price is close to this channel's resistance.
A correction could follow at this point and 1840 confluence support could be bears target.
A break of this channel's support could lead to a deeper correction to 1800 zone.
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.