DeGRAM

DeGRAM | GOLD rebound from support

Long
DeGRAM Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is moving in an ascending channel.

Any sales are quickly and actively bought back, as evidenced by large green candles.

Countries continue to buy gold for their reserves.

We think that after retesting the support, the price will continue to grow.


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Comment:
GOLD broke through resistance.

On the 1H timeframe the chart formed a bearish takeover.

We think that the price will continue to grow after retesting the support.

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