Price of gold formed a falling channel with the strong support of 50SMA and confirmed broken level back from 2011. With the expectation of Biden to take charge soon, gold is waiting for further direction. A retest of the support zone provides an opportunity to trade the bounce if the reverse pattern emerges on smaller time frames.
Please support the idea and share your thoughts on GOLD!
Good Luck and Stay Healthy!
Please support the idea and share your thoughts on GOLD!
Good Luck and Stay Healthy!