DeGRAM | GOLD trendline breakout

10 ביוני 2024

GOLD has broken down the ascending channel.

The chart broke down the dynamic support, which now acts as resistance. XAUUSD is trading between the trend lines.

We expect the decline to continue after the dynamic resistance is retested.

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11 ביוני 2024

הערה

GOLD is moving between trend lines.

Having reached the support, the chart formed the ‘Adam and Eve’ pattern, which failed to work, having encountered dynamic resistance.

In an attempt to break the trend line, the price formed a bearish takeover candle.

We expect a decline.