XAU/USD(Gold) Daily timeframe.
Gold has been trapped on an uprising channel for the past few weeks until it recently broke the supporting trendline of the channel. It pushed further to the downside until it came up to test a significant area of reversal. Hereon we can expect a further push to the downside so we can get a full overview structure of a downtrend.
Gold has been trapped on an uprising channel for the past few weeks until it recently broke the supporting trendline of the channel. It pushed further to the downside until it came up to test a significant area of reversal. Hereon we can expect a further push to the downside so we can get a full overview structure of a downtrend.