DeGRAM | GOLD rebound from the support level

27 ביוני 2024

GOLD is moving in a descending channel between the trend lines.

The chart bounced off the support level, which coincides with the 50% retracement level and which has already acted as a reversal point twice.

We expect the bounce to continue.

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28 ביוני 2024

הערה

GOLD has returned to the ascending channel, continuing to move between the trend lines.

The price bounced off the support and is now above the 50% retracement level of the last bearish momentum.

We expect the growth to continue after consolidation above the lower boundary of the channel.

1 ביולי 2024

הערה

GOLD is moving in a descending channel between the trend lines.

The price is in the accumulation zone.

We expect the XAUUSD to rise after consolidating above the upper boundary of the accumulation zone.

2 ביולי 2024

הערה

GOLD is moving in the demand zone, in a descending channel above the trend line.

The chart is still under the 50% retracement level of the last bearish impulse.

The price is above the support level, which has already acted as a pivot point.

We expect a rebound after the support is retested.

3 ביולי 2024

הערה

GOLD is moving in the supply zone near the upper boundary of the ascending channel.

The price is above the dynamic resistance.

The chart has overcome the 62% retracement level.

We expect growth continuation after retest of the current zone border.

4 ביולי 2024

הערה

GOLD is moving in the supply zone between bearish momentum correction levels.

The price tested the upper boundary of the channel again.

The chart is trading above the trend line.

We expect the growth to continue while holding the correction level.

5 ביולי 2024

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