Gold Spot / U.S. Dollar
Short
Updated

DeGRAM | GOLD correction

1658
GOLD is above the ascending channel between the trend lines.

The price is moving from the upper trend line and resistance level, which was previously a pullback point.

We expect a retest of the channel and further correction if the chart fixes in it.

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snapshot
GOLD is in an ascending channel between the trend lines.

The price has fallen to the lower boundary of the channel and is now moving under the 38.2% retracement level.

The chart has formed a descending top and bottom.

We expect XAUUSD to continue its decline after consolidating under the channel.

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