Good evening, everyone. Today, we will analyze the outlook for gold.
Let’s focus on the blue upward-sloping channel. The channel has a gentle incline, which is precisely what we want to see as it indicates a stable trend. When gold breaks below this type of inclined channel, it often results in a rapid price movement.
Currently, there have only been two tests of the lower boundary, suggesting it may still take some time before any significant move. However, the tendency of a breakout occurring after the fourth test means it’s crucial to keep a close watch on the upcoming attempts.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.