GOLD is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel.
The chart is testing dynamic support.
We expect the price to rise on consolidation above the 38.2% retracement level.
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The price is moving from the lower boundary of the channel.
The chart is testing dynamic support.
We expect the price to rise on consolidation above the 38.2% retracement level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade active
GOLD is in an ascending channel between the trend lines.
The price broke through the 62% retracement level and is now above it.
We expect the chart to continue rising.
Trade closed: target reached
The trend line has been successfully broken and the target has been reached.
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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.