DeGRAM

DeGRAM | GOLD channel breaking

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is moving in an ascending channel. However, the price rebounded from the resistance level.

The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level.

We expect a bearish move to retest the support from the 50% fibo retracement level.


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