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FTE1995

GOLD - Break/Retest of Descending channel with Volume

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
FTE1995  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators
30
1
trendanalysis chartpattern indicator
- As shown in the chart golds price was confined within a descending channel pattern

- Clear upper and lower parallel trend lines were acting as support + resistance

- Price has today broken out of the descending channels upper trend line resistance

- This break occurred alongside a decent spike in volume showing greater conviction in the move

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