Gold is now moving above the descending line after its breach to the top, after rising from the strong buying area 1927-1937, which was tested more than once in the current month of June. Thus, if the current four-hour candle closes above the line, gold will complete the ascent to the 1970-1980 area.
註釋
As it is clear now, the four-hour candle did not close above the descending line, and thus we take into account some decline if the current candle closed below the line with a strong price Action candle.
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