DeGRAM | GOLD channel break attempt

28 Agu 2024

GOLD is moving in an ascending channel between the trend lines.

After attempting to break through resistance, the price formed a doji and a bearish takeover and then dropped below the resistance level.

The chart has already reached the dynamic resistance level.

We expect a decline after breaking the lower boundary of the channel.

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29 Agu 2024

Catatan

GOLD is moving in an ascending channel between the trend lines.

After an attempt to break the channel, the price bounced and is again near the dynamic resistance.

We expect the pullback to continue after retesting the dynamic resistance.

29 Agu 2024

Trade aktif

Gold on Resistance zone

30 Agu 2024

Catatan

GOLD continues to press the resistance level above the ascending channel.

The price has not yet reached the dynamic resistance.

We expect a decline after a retest of the resistance level with a possible touch of the trend line.

2 Sep 2024

Catatan

GOLD has dropped below the ascending channel and continues to move between the trend lines.

The chart is forming a descending structure.

The price fell under the 38.2% retracement level and during its retest it instantly reacted with a decline.

We expect the decline to continue.

2 Sep 2024

Trade aktif

Active

3 Sep 2024

Catatan

GOLD is moving in a descending channel.

The chart has consolidated under the mirror support level, which now acts as resistance.

We expect the decline to continue after the resistance is retested.

3 Sep 2024

Trade aktif

Active

4 Sep 2024

Trading ditutup: target tercapai

GOLD reached the support level and successfully closed our target.