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Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
❤️Please, support my work with like, thank you!❤️
Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
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❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.