🥇Gold🥇 increases after the breaking Descending Channel🚀

Aug 22, 2023

💡After moving in the 🟢heavy support zone($1,903-$1,886)🟢 for a while, gold managed to break the descending channel.

💡Of course, the Regular Divergence (RD+) between successive valleys was a sign of the failure of the descending channel.

💡Another sign that we can consider increasing gold is the Buy Signal by 20-SMA and 60-SMA.

🔔I expect gold to go up to the Fibonacci levels I marked on the chart.

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

Aug 22, 2023

Trade active

Aug 22, 2023

Trade closed: stop reached

DXY was pumped

Aug 23, 2023

Note

The target was hit, but the stop position was hit(in my chart), although I used the martingale method for this position.