Weekly technical analysis of the gold chart - GOLD

The yellow metal is trading inside a descending channel on the H4 frame, and with a regular downward momentum, interspersed with some bullish corrections within the basic framework, which is the descending channel. We expect gold to break the minor trend inside the descending channel targeting the 1865-1860 area, which is the next support area on the chart. Traders are advised to maintain a proper stop loss

Trend: Down

Watch the analysis on the Telegram channel from here