Gold Spot / U.S. Dollar
Long
Updated

DeGRAM | GOLD growth in the channel

753
GOLD is in an ascending channel between the trend lines.

The price is moving from the lower boundary of the channel and 62% retracement level.

The chart has formed a harmonic pattern.

We expect the price to rise in the channel.

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Note
snapshot
GOLD is in an ascending channel between the trend lines.

The price is moving from the lower boundary of the channel, has held support and is now moving above the 50% retracement level.

We expect the price to continue rising.
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