DeGRAM | GOLD exit from the descending channel
Updated
GOLD is above the descending channel between the trend lines.
The price is moving from the support level, which previously acted as a rebound point and is now holding above the 38.2% retracement level.
The chart has left the accumulation zone and the descending channel.
We expect the growth to continue.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price is moving from the support level, which previously acted as a rebound point and is now holding above the 38.2% retracement level.
The chart has left the accumulation zone and the descending channel.
We expect the growth to continue.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Gold has successfully reached the resistance level.
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