Hello traders ,what do you think about GOLD?Last day, gold grew up to the resistance zone of 2060. After reaching this zone , the FMOC meeting and Mr. Powell's speech, it returned all its growth and fell to the 2030 zone.
Looking at the chart, we see that the descending channel has been broken and the price is above it. We expect that the price will make a correction to the specified trend line and the ceiling of the broken channel and grow from that level to the specified level.
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Looking at the chart, we see that the descending channel has been broken and the price is above it. We expect that the price will make a correction to the specified trend line and the ceiling of the broken channel and grow from that level to the specified level.
If this post was useful to you, do not forget to like and comment.❤️
Comment:
The price without correction increased to the expected level
Comment:
It is still stuck in the specified resistance zone. Today's NFP data, if released below expectations, can help break this resistance
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