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DeGRAM | GOLD broke through the channel

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GOLD is above the ascending channel between the trend lines.

The price is moving from the dynamic support, the achievement of which led to the formation of a bullish takeover. After the chart broke out and consolidated above the upper boundary of the channel.

At the moment, XAUUSD has broken through the resistance and is now above the 62% retracement level.

The chart maintains an ascending structure.

We expect the growth to continue.

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GOLD is in an ascending channel between the trend lines.

The trend lines form a wedge.

The price is moving from the lower boundary of the channel.

We expect the chart to reach the target after the retest and consolidation above the support.
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