Gold is now in an ascending channel and experienced a sharp decline from the middle line of the daily time channel and reached the bottom of the channel, but the break of the bottom of the channel was fake, now the price is expected to move higher. From the bottom of the channel The price is tight and uncertain. If the ceiling of this small range is broken, we can expect an upward movement of gold. As indicated above, there are our falling ranges, and once the price reaches and gets confirmation, we can experience a market drop in those ranges.
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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.