GOLD parallel chanel

GoldOANDA

Description

⋅ Jun 17, 2020 10:22 AM

Long time haven't I posted GOLD chart. Meanwhile its moving sideway within strict parallel channel between ~1676 and 1747. Nearest support at ~1700, but should drop to the bottom of that channel as well.

Resistance 1730 - 1738 - 1747 - 1765
Support 1715 - 1705 - 1697 - 1676

Comment

⋅ Jun 22, 2020 6:40 PM

Gold bounced from middle line and making attempt to break the parallel channel - target for breakout 1796

Resistance 1765 - 1772 - 1796
Support 1747 - 1738 - 1730 - 1715 - 1705

Comment

⋅ Jun 28, 2020 12:15 PM

Gold is going to test 1770-1780 resistance once again. This time it gained some volume on the dip, so chances increased.