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DeGRAM
May 25, 2023 10:18 AM

DeGRAM | GOLD in consolidation  Long

GoldOANDA

Description

GOLD broke and closed above the descending channel.

The market retested the channel's border.

Price action is likely to continue consolidating until the new trend is confirmed by a breakout.

We expect a bullish move to retest the consolidation boundary.



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Comments
jpeacockfx
Very detailed charts. Keep it up. Thank you!
TradingShot
Thank you for sharing your opinion with us.
TradingBrokersView
Quality analysis and explanation of this scenario. Even if the opposite happens, the idea is well explained and that's all it matters in terms of technical analysis.
TheCryptagon
It is obvious that you have put in a lot of work on this idea. Keep it up!
InvestingScope
Very informative chart. We like the progress we see.
ArmanShabanTrading
Brilliant strategy!
TheNewsCrypto
Excellent Analysis
ImranRFx
Good idea
linofx1
Excellent analysis as always 👍
Williamforex
appreciate
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