Is GOLD able to switch to a new Uptrend?
Gold touched 1960 in early 2021 , after that it started a downtrend until now
The descending channel is about to break and price got stuck in a trading range zone (yellow box)
If this trading range box could break from the top strongly and gold made a new high higher than 1760 , a new uptrend will start
Otherwise we should wait ....
The descending channel is about to break and price got stuck in a trading range zone (yellow box)
If this trading range box could break from the top strongly and gold made a new high higher than 1760 , a new uptrend will start
Otherwise we should wait ....
Trade active
