Price is on a significant support zone. It is bouncing the zone and making long wicks which is a clear sign of rejection. The overall trend of the pair is upward. price is also making higher highs. Entery: 91.831 TP: 93.6 SL: 91.2
Broke a corrective trendline. Has a high potential of moving downward.
The pair broke a corrective trendline and it has a high potential of moving upward.
It can be seen that Gold is forming a descending channel pattern. This pattern is known to be a reversal pattern.
