GOLD | Potential Descending Channel
GOLD | Potential Descending Channel
As we can see from the chart the price broke out a strong support
area and it is increasing the chances for the price to move lower again.
For the time being the price looks like it is creating a potential "Descending Channel"
the pattern that will push the price lower up to the base of the support line at 1813.
Thank you and Good Luck!
As we can see from the chart the price broke out a strong support
area and it is increasing the chances for the price to move lower again.
For the time being the price looks like it is creating a potential "Descending Channel"
the pattern that will push the price lower up to the base of the support line at 1813.
Thank you and Good Luck!
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