DeGRAM | GOLD volumes continue to buy

GOLD broke through the dynamic resistance line and fixed above it.

The trading volume indicator indicates that the latest declines took place without the participation of large volumes.

We think that the price will continue to grow.


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Comment:

XAUUSD chart has formed a triangle.

Volatility continues to decrease.

We think that after a false breakout of the channel and a retest of the support, the GOLD price will continue to grow.

Comment:

XAUUSD broke through dynamic resistance and came out of low volatility.

The chart is testing the lower boundary of the ascending channel again.

Selling again occurred on declining trading volumes.

We expect the growth to continue after the support retest.

Comment:

XAUUSD broke the ascending channel.

The price confidently declined to the support level.

We think that a rebound from the support is possible.

Comment:

GOLD is moving in the local descending channel.

The price has fallen below the trend lines.

The chart has formed a pattern AB=CD.

We think that growth is possible.

Comment:

XAUUSD broke the dynamic resistance and now it is acting as support.

The chart is still in the demand zone.

We think that the price will continue to grow soon.

Comment:

XAUUSD is moving in the descending channel within the demand zone.

The chart retested the dynamic support and also marked the boundaries of the demand zone.

The price continues to accumulate.

We think that GOLD maintains its upward trend.

Comment:

GOLD successfully broke through the resistance level as well as the dynamic resistance, which now acts as support.

XAUUSD is moving between the supply and demand zones within the channel.

We think that the price may continue to rise from the 38% retracement level, but further movement will depend on the breakout of the nearest resistance.