Gold Spot / U.S. Dollar
Short
Updated

DeGRAM | GOLD is pressing the trend line

1057
GOLD is in an ascending channel between the trend lines.

Chart volatility has decreased

The price is moving from the upper boundary of the channel and is forming an ascending wedge.

We expect a pullback after consolidation under the dynamic support.

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snapshot
GOLD is under the ascending channel and trend lines.

The price is moving from the dynamic resistance, left the channel and consolidated under the dynamic support.

The chart held under the 62% retracement level and consolidated under the supply zone.

We expect the decline to continue.

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