Gold Analysis: Descending Channel Breakout Potential 📉📈
Gold is currently in a descending channel on the 1-day timeframe, having reached the ceiling of this channel! It previously had a broken uptrend that it collided with! It seems this range could serve as an energy point, initiating a downward movement with short-term targets of 2035 - 2028 and long-term targets of 2012 - 2000 - 1998!
Related publications
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.