Get started
abjaber

Gold has fallen

CFDs on Gold (US$ / OZ) (TVC:GOLD)  
abjaber  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Gold goldtrading goldanalysis
3
0
trendanalysis chartpattern gold goldtrading goldanalysis
After the Fed Interest Rate Decision yesterday, Gold prices has fallen to break the ascending channel and go back to the descending channel it started forming back in Aug 2020. The Gold price is trading at a support line, and it seems that the chart will start forming a triangle inside the descending channel before breaking it upward or downward. I think that will we see the Gold price go below 1700 by end of July 2021.

Please let me know what do you think.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.