After the breakthrough, #GOLD is ready to be pumped!

#XAUUSD UPDATE
GOLD make this descending channel at hourly time frame.
The local trend and correction may be stopped by a breach of the descending channel resistance, and the price may then begin an active strengthening move towards the level 1984, 2000, and 2025.
Significant backing: 1950, 1940, MA-50
MA-200, 1960, and trend resistance are significant obstacles.
Given that the dollar is struggling and that gold is still a solid hedging tool, I believe that gold will be able to overcome the trend resistance in the medium term and resume its upward trend.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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GOLD make this descending channel at hourly time frame.
The local trend and correction may be stopped by a breach of the descending channel resistance, and the price may then begin an active strengthening move towards the level 1984, 2000, and 2025.
Significant backing: 1950, 1940, MA-50
MA-200, 1960, and trend resistance are significant obstacles.
Given that the dollar is struggling and that gold is still a solid hedging tool, I believe that gold will be able to overcome the trend resistance in the medium term and resume its upward trend.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
For more Quality Charts Analysis, follow us.
I'm grateful.
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Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.