🥇Gold🥇 increases after the breaking Descending Channel🚀

💡After moving in the 🟢heavy support zone($1,903-$1,886)🟢 for a while, gold managed to break the descending channel.

💡Of course, the Regular Divergence (RD+) between successive valleys was a sign of the failure of the descending channel.

💡Another sign that we can consider increasing gold is the Buy Signal by 20-SMA and 60-SMA.

🔔I expect gold to go up to the Fibonacci levels I marked on the chart.

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.

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Trade active

Trade closed: stop reached:

DXY was pumped

Comment:

The target was hit, but the stop position was hit(in my chart), although I used the martingale method for this position.