GOLD is moving in a descending channel.
The chart is trading under the trend lines again.
Having reached the support, the price bounced to the 50% retracement level and started a rapid decline.
We expect XAUUSD to continue its decline, but may retest resistance.
-------------------
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The chart is trading under the trend lines again.
Having reached the support, the price bounced to the 50% retracement level and started a rapid decline.
We expect XAUUSD to continue its decline, but may retest resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Note
GOLD is moving above the descending channel between the trend lines.
The price reacted again to reaching the 62% retracement level.
We expect a further decline followed by a return to the descending channel.
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Crypto signals in telegram
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🔻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.
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.