DeGRAM | GOLD testing of the upper channel boundary

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

The price has descended, reaching the upper boundary of the channel.

The chart maintains the descending structure.

The resistance level coincides with the retracement level, which the price will have to overcome to continue the growth.

We expect that the chart will continue to decline after retesting the resistance level.

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١٥ أكتوبر ٢٠٢٤

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Gold has gone down