Based on the previous year’s analysis, gold reached new ATHs. Based on the Ichimoku indicator, the trend remains bullish on the higher timeframe. We are seeing a deep retracement in gold, and I expect it to continue its bullish trend. You can see the support levels on the chart; if they break, the analysis will be updated.
Note
Look how beautifully our support zone pushed the price strongly toward the resistance levels, and how those resistance levels prevented the price of gold from moving higher.
Queenichi 👑
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Queenichi 👑
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.