https://ar.tradingview.com/chart/XAUUSD/73gYV6bh/
In respect of the trend lines of the ascending channel in blue, the price rose first from the lower trend line of the channel, heading towards the upper trend, recording more than 800 positive points for gold prices, and gold was concentrated at the upper trend and the resistance area 2070, which is an overbought area and the historical summit area of gold, and it fell from it by more than 650 points. Towards the 2015 support area, on which it is currently based.
Trading will be cautious in the coming days on gold due to the inflation data that will be released on Wednesday, which will witness violent movements with it.
Technically, we will wait for gold at support areas to search for buying opportunities, or resistance areas to search for selling opportunities.
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