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DeGRAM
Jun 14, 2021 8:48 AM

DeGRAM | GOLD consolidation  Long

GOLD / U.S. DOLLARICE

Description

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.

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Comments
Lingrid
It was a fake breakout?

nice idea!
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