🔥Where is gold going? GOLD/USD
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# GOLD / USD
📌Where is gold going? GOLD/USD
🔹Analytics: Gold is moving in a downward channel, recently broke through the level and is flying down to the next level of local support, where the buyer will buy back, I expect to see a double bottom (retest of the local level) this will be a good sign to exit the channel, exit from the channel will be a good sign to continue the upward movement, but if we cannot go beyond the channel boundaries, we will go further down the channel.
I do not give exact points for entry-exit. Resistance lines - possible sell / correction, you can fix part of the position. All goals are shown on the chart. This is just my opinion, it may not coincide with yours.
# GOLD / USD
📌Where is gold going? GOLD/USD
🔹Analytics: Gold is moving in a downward channel, recently broke through the level and is flying down to the next level of local support, where the buyer will buy back, I expect to see a double bottom (retest of the local level) this will be a good sign to exit the channel, exit from the channel will be a good sign to continue the upward movement, but if we cannot go beyond the channel boundaries, we will go further down the channel.
I do not give exact points for entry-exit. Resistance lines - possible sell / correction, you can fix part of the position. All goals are shown on the chart. This is just my opinion, it may not coincide with yours.
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