DeGRAM | GOLD preparations for the breakout of the channel
GOLD is in a descending channel between trend lines.
The price is moving from the support level and has already broken the trend line.
The chart has formed a rising bottom and a harmonic pattern.
We expect the rebound to continue if the price successfully consolidates above the 38.2% retracement level.
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The price is moving from the support level and has already broken the trend line.
The chart has formed a rising bottom and a harmonic pattern.
We expect the rebound to continue if the price successfully consolidates above the 38.2% retracement level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
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GOLD is in a descending channel below the trend lines.
The price has reached the 50% retracement level, which coincides with the previous rebound point.
The chart reacted with a bearish engulfment on the attempt to break the trend line.
We believe that XAUUSD will continue to grow after consolidation above the channel, it is important to monitor the price reaction to the 50% retracement level.
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
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t.me/DeGRAMForex
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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.