DeGRAM

DeGRAM | GOLD consolidation

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Although gold has exited the channel, there is no confirmation that the instrument has changed its trend to a downtrend.
If we traverse the channel, then we see horizontal accumulation, range, a clear lower border (3 touches).
The trend is upward, the global key point has not been reached, it is possible that large players do not have enough energy and it is necessary to accumulate it before the distribution and achievement of the goal.
For now, I'm sticking with long formations.
I expect growth from 1855 to the border of the canal.

-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
http://bit.ly/3spSQqC
🔻FREE Telegram channel🔻
https://t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
https://t.me/DeGRAMForex
🔻Check our Website🔻
https://degramsignals.com/

Comments

It was a fake breakout?

nice idea!
Reply