XAUUSD - The price will reach the bottom of the channel!

GOLD

MonoCoin Signal

6/13/2022 0 min read

Following the trend situation in the four-hour timeframe, the continuation of the trend can still be seen under the neutral pattern. The price is fluctuating between the levels of channels and Bollinger Bands , and currently, the market has not dared to price beyond this range. This clearly shows that inflation data is insufficient for market pricing, and traders expect real interest rates for this period. With the breaking of the $ 1851-1849 support, the price will reach the bottom of the channel.