arongroups

Has the recent rise of global gold reached its peak?

SAXO:XAUUSD   Gold Spot / U.S. Dollar
📌By examining the trend in the four-hour time frame, gold is approaching the resistance of the ceiling of the descending channel in the range of 2047 dollars, and it seems that the price may decrease to the support of the floor of the descending channel in the range of 1973, provided that the resistance of 2047 is maintained. There are dollars.
In another scenario, gold can rise to the previous ceiling resistance in the range of $2089 by crossing the $2047 resistance.🎯❌

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