DeGRAM | GOLD will continue the pullback
GOLD is in an ascending channel between the trend lines.
The chart successfully closed our previous target, reached the support level and is now near the lower trend line.
We think that the pullback will continue if the price successfully consolidates under the trend line.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The chart successfully closed our previous target, reached the support level and is now near the lower trend line.
We think that the pullback will continue if the price successfully consolidates under the trend line.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD has dropped into the descending channel and is now under the trend lines.
The price is holding under the 50% retracement level.
We expect a decline if the chart is able to consolidate under the upper boundary of the channel.
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