GOLD is moving between trend lines near the lower boundary of the ascending channel.
After reaching the 50% retracement level, the price formed a bearish takeover and descended into the channel.
The descending structure is broken, but a new one has not been formed yet.
We expect that a rebound may occur after a retest of the lower channel boundary with a possible drawdown below the previous low.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
After reaching the 50% retracement level, the price formed a bearish takeover and descended into the channel.
The descending structure is broken, but a new one has not been formed yet.
We expect that a rebound may occur after a retest of the lower channel boundary with a possible drawdown below the previous low.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.