GOLD is moving in a descending channel under the trend lines.
The chart has formed a descending structure.
The price has reached the upper boundary of the channel and is now holding under the 50% retracement level.
We expect a decline.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
The chart has formed a descending structure.
The price has reached the upper boundary of the channel and is now holding under the 50% retracement level.
We expect a decline.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD held in the previously discussed ascending channel.
The chart retains the descending structure.
The price has dropped under the support, which now acts as a resistance level.
We expect the price to decline after the resistance is retested.
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.
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.