DeGRAM

DeGRAM | GOLD consolidation

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is trading in a consolidation zone.

Price is testing the 1920 support level and trendline creates a trading opportunity.

Price made a deeper retracement than the previous one, and that means bulls are running out of steam.

We expect more market consolidation until the market breaks the level to the upside or downside, signaling the start of a new trend.


-------------------

Share your opinion in the comments and support the idea with Like. Thanks for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

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.