Gold Spot / U.S. Dollar
Long
Updated

DeGRAM | GOLD bullish takeover

854
GOLD is in an ascending channel between the trend lines.

The chart has already reached the lower boundary of the channel and tested the support.

The price is holding above the 50% retracement level after forming a bullish takeover on the support retest.

We expect XAUUSD to rise.

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Note
snapshot
GOLD has returned to the ascending channel and is now under the trend lines.

The chart has left the accumulation zone.

The price is above the 38.2% retracement level.

We expect XAUUSD growth to continue.
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