GOLD is in an ascending channel between trend lines.
The price is moving from the dynamic resistance, which has already acted as a pullback point twice.
The chart has already reached the upper boundary of the channel and dropped below the resistance level after testing the 62% retracement level.
On the 1H Timeframe, the indicators show that XAUUSD has started to work out the formed bearish divergence.
We expect a decline.
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The price is moving from the dynamic resistance, which has already acted as a pullback point twice.
The chart has already reached the upper boundary of the channel and dropped below the resistance level after testing the 62% retracement level.
On the 1H Timeframe, the indicators show that XAUUSD has started to work out the formed bearish divergence.
We expect a decline.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
Operación activa
GOLD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and has already dropped under the mirror support level.
The chart has formed a harmonic pattern.
We expect the decline to continue.
Operación cerrada: objetivo alcanzado
The chart has successfully reached dynamic support.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.