Gold Spot / U.S. Dollar
Short
Updated

DeGRAM | GOLD retest of the supply area

1 026
GOLD is in an ascending channel below the trend lines.

Indicators are out of the oversold zone.

The price is moving from the upper boundary of the channel.

The chart is holding under the supply zone and 38.2% retracement level.

XAUUSD will continue to decline.

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snapshot
GOLD is under the ascending channel and trend lines.

The price has reached the trend line and 62% retracement level.

The chart has formed a harmonic pattern.

We expect the decline to continue.

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