DeGRAM | GOLD pullback from resistance

21 ก.พ.

GOLD is in an ascending channel between the trend lines.

The price is moving from the upper trend line and resistance level.

The chart formed a bearish engulfment during the resistance retest.

We expect the pullback to continue.

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การซื้อขายยังคงดำเนินอยู่

GOLD is in an ascending channel between the trend lines.

The price is moving from the upper boundary of the channel and the dynamic resistance.

Indicators on the 4H Timeframe continue to form a bearish divergence as well as a rising wedge.

The chart continued to rise on declining trading volumes.

Our expectation of a pullback remains.