Hello traders ,what do you think about GOLD ? In the daily gold chart, the price is in an upward channel and the long-term trend of the market tends to rise. In the last days of the year 2023, the gold tried to climb for the last time in the year and moved up to the price level of 2088 dollars and then entered into correction.
The price is still above the upward trend line and the EMA 50 moving average, which is a confirmation of the upward structure. Therefore, as long as it maintains the mentioned range, any price reduction will be considered a correction.
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The price is still above the upward trend line and the EMA 50 moving average, which is a confirmation of the upward structure. Therefore, as long as it maintains the mentioned range, any price reduction will be considered a correction.
If this post was useful to you, do not forget to like and comment.❤️
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