DeGRAM | GOLD sideways move

GOLD is making lower lows in the descending channel.

The market is consolidating after a drop from the resistance level and 50% fibo level.

Price is testing the reaction zone where price dropped twice.

We expect further consolidation until the new trend is confirmed by a breakout of the support or resistance.

 

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Chart PatternsgoldanalysisgoldsignalsSupport and ResistanceTrend Analysis

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