Gold continues to fall
GOLD is in an ascending channel below the trend lines.
Indicators are out of the oversold zone.
The price is moving from the upper boundary of the channel.
The chart is holding under the supply zone and 38.2% retracement level.
XAUUSD will continue to decline.
Indicators are out of the oversold zone.
The price is moving from the upper boundary of the channel.
The chart is holding under the supply zone and 38.2% retracement level.
XAUUSD will continue to decline.
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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.