GOLD (XAUUSD)

💡Gold technical analysis, daily time frame D1. The price is moving within a descending channel, and is expected to test one of the main areas: either the supply area (for resistance) or the demand area (for support). If the price breaks the channel upward, it may be a signal to change the trend to the upside.
The MACD indicator shows that there is currently increasing buying momentum, which may push the price to test resistance levels (supply zone).

⛔️It is not investment advice for educational purposes only