Weekly technical analysis of the gold chart - GOLD
Weekly technical analysis of the gold chart - GOLD
Gold is trading in a descending channel on the H4 chart, ideally forming descending tops and breaking a minor uptrend inside the channel, and then trying negative pressure again to break the uptrend inside the descending channel, which with a break, the price will fall sharply. It can be sold directly from the current price of 1920. And consolidation by selling again after breaking the secondary trend, reaching the levels of 1867-1860.
Traders are advised to maintain a suitable stop loss for all trades.