DeGRAM | GOLD reversal after a harmonic pattern
GOLD is between trend lines under an ascending channel.
On the correction, the chart formed a harmonic pattern after which the direction of movement changed, but the ascending structure was not broken in the end.
The price has returned to the range between the trend lines and is now above the support level, which coincides with the 62% retracement level.
We expect the rebound to continue after consolidation in the channel.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
On the correction, the chart formed a harmonic pattern after which the direction of movement changed, but the ascending structure was not broken in the end.
The price has returned to the range between the trend lines and is now above the support level, which coincides with the 62% retracement level.
We expect the rebound to continue after consolidation in the channel.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD is in an ascending channel above the trend lines.
The chart has formed a harmonic pattern.
The price continues to hold above the 38.2% retracement level.
We expect the growth to continue.
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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🚀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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.