DeGRAM | GOLD reached a new peak

Updated
GOLD is moving above the ascending channel near the upper trend line.

The price has reached a new resistance level.

We expect a correction after the resistance retest.

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

The growth has slowed down and the price has reached the values of $2590.

The chart reacted with a decline on reaching the upper boundary of the channel.

We expect a correction after the resistance retest.
Trade active
Active
Note
snapshot
GOLD is moving above the ascending channel between the trend lines.

The price has reached the resistance level and is now under it.

The chart has reached the dynamic resistance, which has already acted as a pullback point three times.

We expect a pullback from the resistance.
Trade active
Active
Note
snapshot
GOLD is moving in an ascending channel between the trend lines.

The price has already reached the upper boundary of the channel and reacted with a decline.

We expect the decline to continue.
Trade active
Active
Note
snapshot
GOLD is above the ascending channel between the trend lines.

The price rose sharply on the background of the rate cut, but afterwards returned under the resistance level.

We expect a decline.
Chart PatternsgoldanalysisgoldsignalSupport and ResistanceTrend Analysis

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