DeGRAM | GOLD reversal after a harmonic pattern
GOLD is between trend lines under an ascending channel.
On the correction, the chart formed a harmonic pattern after which the direction of movement changed, but the ascending structure was not broken in the end.
The price has returned to the range between the trend lines and is now above the support level, which coincides with the 62% retracement level.
We expect the rebound to continue after consolidation in the channel.
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On the correction, the chart formed a harmonic pattern after which the direction of movement changed, but the ascending structure was not broken in the end.
The price has returned to the range between the trend lines and is now above the support level, which coincides with the 62% retracement level.
We expect the rebound to continue after consolidation in the channel.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD is in an ascending channel above the trend lines.
The chart has formed a harmonic pattern.
The price continues to hold above the 38.2% retracement level.
We expect the growth to continue.
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🔻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.
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.