DeGRAM | GOLD broke the upward structure

4月8日

GOLD is in an ascending channel between trend lines.

The price has already reached the lower boundary of the channel, the lower trend line and the support level, which has already acted as a rebound point.

The chart has broken the ascending structure, but a descending top must now be formed to continue the decline.

On the 1H Timeframe, the indicators are forming a bullish convergence.

We expect XAUUSD to rebound after consolidating above the important psychological level of $3000.

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4月9日

交易進行

GOLD is at the upper boundary of the local descending channel above the trend lines.

The price is moving from the lower trend line.

The chart has broken the local descending structure, forming a rising bottom and top.

We expect the rebound to continue after consolidation above the upper channel boundary and 50% retracement level.

4月10日

交易結束：目標達成

GOLD has successfully reached the $3125 level