GOLD is moving in an ascending channel between the trend lines.
After reaching the dynamic resistance and the resistance level, the price is steaming towards the strong support, which will act as a 50% retracement level.
We expect a bounce from the 50% retracement level.
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After reaching the dynamic resistance and the resistance level, the price is steaming towards the strong support, which will act as a 50% retracement level.
We expect a bounce from the 50% retracement level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD is moving under an ascending channel between trend lines.
The chart is moving in an ascending structure and is now above the support, which has already acted as a pivot point.
The price is above the 62% retracement level.
We expect a rebound after a retest of the support level.
Note
GOLD is moving in an ascending channel between the trend lines.
The price has consolidated above an important support level as well as the 50% retracement level.
We believe that the chart is completing the correction and will soon continue to grow after retesting the lower boundary of the channel.
Note
GOLD is moving near the lower boundary of the ascending channel above the trend lines.
The chart has consolidated above the 62% retracement level and broke upward dynamic resistance.
The price failed to consolidate in the channel.
We think that the growth will continue after the retest of the 62% retracement level.
Trade closed: target reached
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🔻FREE Telegram channel🔻
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Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.