DeGRAM | GOLD pullback from the correction level
Updated
GOLD is moving in a descending channel.
The chart is trading under the trend lines again.
Having reached the support, the price bounced to the 50% retracement level and started a rapid decline.
We expect XAUUSD to continue its decline, but may retest resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The chart is trading under the trend lines again.
Having reached the support, the price bounced to the 50% retracement level and started a rapid decline.
We expect XAUUSD to continue its decline, but may retest resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Comment
GOLD is moving above the descending channel between the trend lines.
The price reacted again to reaching the 62% retracement level.
We expect a further decline followed by a return to the descending channel.
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