The precious metal continues to fall within a positive range that supports the rise. But the price
The price moves within a falling price channel that supports the price decline unless the price breaches the upper border of the channel or the pennant pattern.
Here, gold will be heading upward to correct to obtain some selling liquidity to complete the decline. It is also necessary to look at a positive difference that supports the rise, which is offset by a negative continuity difference that supports the decline, and this indicates the confusion experienced by the seller and buyer. Therefore, the price must be viewed as negative, and the search for sale deals and their signals, such as breaking the upward trend of momentum, must be looked for. We also do not look positive unless the price issues a buy signal, such as exiting the pennant pattern or descending channel on the current upward fluctuation.
The price moves within a falling price channel that supports the price decline unless the price breaches the upper border of the channel or the pennant pattern.
Here, gold will be heading upward to correct to obtain some selling liquidity to complete the decline. It is also necessary to look at a positive difference that supports the rise, which is offset by a negative continuity difference that supports the decline, and this indicates the confusion experienced by the seller and buyer. Therefore, the price must be viewed as negative, and the search for sale deals and their signals, such as breaking the upward trend of momentum, must be looked for. We also do not look positive unless the price issues a buy signal, such as exiting the pennant pattern or descending channel on the current upward fluctuation.