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DeGRAM | GOLD reversal after a harmonic pattern

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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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Not
anlık görüntü
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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