DeGRAM | GOLD pullback from the channel boundary

GOLD is moving in a descending channel between the trend lines.

The chart maintains the descending structure.

After reaching the upper boundary of the channel, the price reacted with a pullback and is now trading under the resistance level, which coincides with the 62% retracement level.

We expect a continuation of the decline from the resistance.

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Chart PatternsgoldanalysisgoldsignalSupport and ResistanceTrend Analysis

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