Gold continues to rise in price as the fear of recession increas
Gold continues to rise in price as the fear of recession increases
By examining the trend in the one-hour time frame, gold has broken the ceiling of the descending channel in the range of 2650-2644 and now, on the condition of maintaining and not registering any close candle time of one hour below the important support interval in the range of 2650-2644, It can increase as long as the length of the first descending channel to the resistance of the ceiling of the second descending channel in the range of $2,697.
By examining the trend in the one-hour time frame, gold has broken the ceiling of the descending channel in the range of 2650-2644 and now, on the condition of maintaining and not registering any close candle time of one hour below the important support interval in the range of 2650-2644, It can increase as long as the length of the first descending channel to the resistance of the ceiling of the second descending channel in the range of $2,697.
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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.