GOLD (XAUUSD)
π‘Gold technical analysis, daily time frame D1. The price is moving within a descending channel, and is expected to test one of the main areas: either the supply area (for resistance) or the demand area (for support). If the price breaks the channel upward, it may be a signal to change the trend to the upside.
The MACD indicator shows that there is currently increasing buying momentum, which may push the price to test resistance levels (supply zone).
βοΈIt is not investment advice for educational purposes only
The MACD indicator shows that there is currently increasing buying momentum, which may push the price to test resistance levels (supply zone).
βοΈIt is not investment advice for educational purposes only
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