DeGRAM

DeGRAM | GOLD channel breaking

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OANDA:XAUUSD   Ouro/Dólar Americano
GOLD is moving in an ascending channel. However, the price rebounded from the resistance level.

The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level.

We expect a bearish move to retest the support from the 50% fibo retracement level.


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