jashjacob

GOLD IN PARALLEL CHANNEL

FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD has been trending down in the past few months, price still looks weak. It has made a parallel channel on the downtrend. It's forming a reversal at the bottom trendline as of March 2021. We may see some good buying momentum if price takes support in the following area.
Comment: GOLD price has steadily increased over 20$ since the idea.

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