Gold is bouncing from the Support Line

٢٣ أكتوبر ٢٠٢٢

1660 looks like the serious support, as could be expected. Because it coincides with the bottom line of the long term trend channel (blue).
The volumes & candles show 2 times that supply exhausts around 1660, and demand demonstrates strength (Bullish Cha Cha signal).
So, the bullish intentions could be read from this chart.