DeGRAM | GOLD pullback from the correction level

2024年6月4日

GOLD is moving in a descending channel.

The chart is trading under the trend lines again.

Having reached the support, the price bounced to the 50% retracement level and started a rapid decline.

We expect XAUUSD to continue its decline, but may retest resistance.

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2024年6月5日

註釋

GOLD is moving above the descending channel between the trend lines.

The price reacted again to reaching the 62% retracement level.

We expect a further decline followed by a return to the descending channel.