GOLD is moving above the ascending channel and trend lines.
The price is under an important psychological resistance level.
The chart has formed a reversal pattern AB=CD.
We expect a pullback to the 50% retracement level after retesting the resistance level.
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The price is under an important psychological resistance level.
The chart has formed a reversal pattern AB=CD.
We expect a pullback to the 50% retracement level after retesting the resistance level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD is at the upper boundary of the channel above the trend lines.
The price broke through the resistance level and is now moving above it, but has not yet consolidated above it.
We expect a pullback after a retest of the channel boundary.
Trade active
The price in the resistance level now.
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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.