DeGRAM | GOLD correction after retest of the channel

12 בפבר׳

GOLD is in an ascending channel between the trend lines.

The price is moving from the upper boundary of the channel and is now holding under the resistance level.

We expect the correction to continue.

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13 בפבר׳

עסקה פעילה

GOLD is under a local upward channel between trend lines.

The price has reached the dynamic resistance and is now retesting the lower boundary of the channel.

The chart maintains an upward structure and is holding above the 62% retracement level.

XAUUSD has not cooled down enough to be confident in the continuation of growth.

We expect GOLD to go down to $2852 provided it successfully consolidates under $2912.