Gold Spot / U.S. Dollar
Short
Updated

DeGRAM | GOLD reached the lower boundary of the channel

692
GOLD is in an ascending channel between the trend lines.

The price has already reached the lower boundary of the channel.

The chart is forming a descending structure and is holding under the 50% retracement level.

We expect the decline to continue.

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Trade closed: target reached
Keeping the descending structure, GOLD not only reached the level we expected, but consolidated under it!

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