GOLD has broken down the ascending channel.
The chart broke down the dynamic support, which now acts as resistance. XAUUSD is trading between the trend lines.
We expect the decline to continue after the dynamic resistance is retested.
-------------------
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The chart broke down the dynamic support, which now acts as resistance. XAUUSD is trading between the trend lines.
We expect the decline to continue after the dynamic resistance is retested.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Note
GOLD is moving between trend lines.
Having reached the support, the chart formed the ‘Adam and Eve’ pattern, which failed to work, having encountered dynamic resistance.
In an attempt to break the trend line, the price formed a bearish takeover candle.
We expect a decline.
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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.