XAU/USD Can the price break the bottom of the channel?
As the slope of the upward trend increased, the price broke through the weekly resistance range
And the ascending channel was formed
Currently, the price is trying to correct the strong weekly resistance (support) range
And it has formed a small descending channel in that range
I expect the price to hit the bottom of the ascending channel.
have one of the two reactions shown in the chart
*Be profitable
Thank you for expressing your opinion with likes and comments
And the ascending channel was formed
Currently, the price is trying to correct the strong weekly resistance (support) range
And it has formed a small descending channel in that range
I expect the price to hit the bottom of the ascending channel.
have one of the two reactions shown in the chart
*Be profitable
Thank you for expressing your opinion with likes and comments
Trade active
Toched Taeget 1
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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.