GOLD is in an ascending channel above the trend lines.
The chart maintains an ascending structure.
A harmonic pattern was formed during the correction.
The price has already reached the lower boundary of the channel and dynamic support, and now it is moving in the range formed by the correction levels.
We expect the growth to continue.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD is in an ascending channel between the trend lines.
After the correction was completed, the chart formed a reversal harmonic pattern.
The chart, having reached the support level and the lower boundary of the channel, formed a bullish takeover.
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.