Commodities Analysis and Opinion

Gold Trend Reversal Requires Price To Move Out Of Current Channel

10/11/2022

Less than a minute

2022.10.11 13:53

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Petros Steriotis

bugs will need to push gold out of the trend channel (around $1,740 now) in order to make the first step toward a major trend reversal. Until then, shorts are keeping the upper hand with the recent post-pandemic low being a clearly discernible target.

Gold 5-Hr Chart

Gold 5-Hr Chart

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10/11/2022

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