DeGRAM | GOLD money flows into gold

10 ก.พ.

GOLD is in an ascending channel between the trend lines.

The chart has reached the important psychological level of $2900.

Indicators point to overbought.

We expect XAUUSD to start a correction soon, but there is a margin left before reaching the upper boundary of the channel.

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11 ก.พ.

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GOLD is in an ascending channel between trend lines.

The price is moving from the upper boundary of the channel where the chart has formed a bearish takeover.

Indicators point to the formation of a bearish divergence on the 4H Timeframe.

We expect the pullback to continue.