Gold Spot / U.S. Dollar
Short
Updated

DeGRAM | GOLD channel boundary pullback

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GOLD is moving in an ascending channel between the trend lines.

The price has reached the upper boundary of the channel, which has already acted as a reversal point.

We expect a pullback after a retest of the channel boundary.

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Note
snapshot
GOLD is overbought and is now at its historic peak.

The price is moving above the trend lines and the ascending channel.

The volatility of the chart movement is decreasing.

We expect a pullback.
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