DeGRAM | GOLD collapsed to the demand zone
Updated
GOLD has exited the ascending channel.
The price dropped to the demand zone between 62% and 78.6% retracement levels.
The chart is forming a pattern AB=CD, it is necessary to watch for the end of the pattern formation at the lower boundary of the current zone.
We expect a rebound after retesting the support level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price dropped to the demand zone between 62% and 78.6% retracement levels.
The chart is forming a pattern AB=CD, it is necessary to watch for the end of the pattern formation at the lower boundary of the current zone.
We expect a rebound after retesting the support level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Trade closed: target reached
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.