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DeGRAM | GOLD rebound from the support level
Gold Spot / U.S. Dollar
Long
DeGRAM | GOLD rebound from the support level
By DeGRAM
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Updated
May 22
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May 21
GOLD rebounded from the 50% retracement level
XAUUSD returned to the ascending channel.
The chart retained its ascending structure.
We expect the growth to continue.
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May 22
Note
GOLD has fallen below the lower boundary of the channel.
The chart is moving between the trend line and the support level coinciding with the 50% retracement level.
The price is above the range between 62% and 50% retracement levels.
XAUUSD has formed a descending triangle, but the price continues to hold support.
We expect a rebound.
Chart Patterns
goldanalysis
goldsignal
Support and Resistance
Trend Analysis
DeGRAM
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