DeGRAM | GOLD returned to the channel boundaries

Sep 4GOLD is moving in an ascending channel between the trend lines.

The price pulled back from the resistance level, returned within the channel and broke down the dynamic support level.

The ascending structure of the chart is broken.

We expect the decline to continue.

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7 days ago

Comment

GOLD is moving in a descending channel between the trend lines.

The price is near the upper boundary of the channel and has already reached the 78.6% retracement level.

We expect a pullback after a retest of the upper channel boundary.

7 days ago

Trade active

Active

6 days ago

Comment

GOLD continues to move in a descending channel between the trend lines.

The price has already reached the upper boundary of the channel and is now between the correction levels.

The volatility of the movement has decreased.

We expect a pullback after consolidation in the channel.

6 days ago

Trade active

Active

3 days ago

Comment

GOLD is moving in a descending channel between the trend lines.

The price successfully formed a bearish takeover after reaching the upper boundary of the channel.

The chart dropped under the dynamic resistance level.

We expect the decline to continue after the trend line retest.

3 days ago

Trade active

Active

2 days ago

Comment

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

The price has repeatedly pulled back from the resistance level and this time there was a pullback again.

The chart has returned to the channel again.

We expect a decline after consolidation under the dynamic support.

2 days ago

Trade active

Active

2 days ago

Comment

GOLD is moving in a descending channel between the trend lines.

The chart is sideways and has no pronounced trend.

The price has already repeatedly reacted with a decrease on reaching the resistance level.

We expect a pullback.