Gold was able to reach the major trend line, which overlaps with the support range, as expected, after showing its bearish warnings in the resistance range.
Gold has not yet issued a warning that the trend line will break. Accordingly, we expect gold to continue its movements in this space between the two support-resistance ranges.
Failure of the trend line constitutes a pullback to the broken descending channel in Time Daily
Gold has not yet issued a warning that the trend line will break. Accordingly, we expect gold to continue its movements in this space between the two support-resistance ranges.
Failure of the trend line constitutes a pullback to the broken descending channel in Time Daily