Gold has been locked up in an ascending channel and ranging market for a while. Since June and July of 2021, price has been consolidating in a horizontal range, only in November 2021 we see price protruding through the resistance and price eventually collapsed and from there it consolidated in an ascending channel.
Looking at the weekly chart we see that it has also reached a downward trendline and we could expect Gold to fall.
If it does fall, my targets will be
1824.284 & 1819.180
Traders please support this idea with likes. Thanks
Looking at the weekly chart we see that it has also reached a downward trendline and we could expect Gold to fall.
If it does fall, my targets will be
1824.284 & 1819.180
Traders please support this idea with likes. Thanks