GOLD: Bullish Movement Ahead!
Hello Traders! 👋
After a sharp drop yesterday and breaking below its ascending channel support, gold has now stabilized slightly. It is expected that after a correction and pullback to the broken support level, gold may resume its downtrend towards specified lower levels.
Don’t forget to like and share your thoughts in the comments!
Trade closed manually
The price has dropped more than 250 pips from the activated area and resistance zone. If you’ve entered a sell position, it’s recommended to set it to risk-free to protect your profits or close it
Trade active
After a roughly 400-pip correction, the price has reached a resistance zone and the broken level15 hours ago
This Analysis by Fadel Qasim
