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.

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.