Gold has been trading in a narrow upward channel since the beginning of the year.
A test of the lower boundary could be anticipated next, since yesterday the price touched the upper boundary of this channel.
The price is currently trading on minor support; a break below this level might reveal the 2770 zone.
A test of the lower boundary could be anticipated next, since yesterday the price touched the upper boundary of this channel.
The price is currently trading on minor support; a break below this level might reveal the 2770 zone.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.