Gold Price Poised to Rise After Correction and Downtrend Line Break

Gold Trader Team

7/24/20241 min read

Gold price is expected to rise after a minor correction, breaking the downtrend line. This will bring buyers into contention with sellers. Once the downtrend line is broken, gold will enter an area where previous support has now become resistance, before continuing its upward movement.

CFDs and Spot FX are complex instruments and come with high risk of losing money rapidly due to leverage and may not be suitable for all kind of traders or investors.

Most of traders or investors accounts lose money when trading CFDs and Forex. You should consider whether you understand how CFDs and Forex work and can afford the high risk of losing your money.

All information that we share in this gold-trader.net website isn't intended as investment advise. The information is based on historical performance or data and the final decision to trade is yours. Please keep in mind that past performance or data may not be indicative of future results.

Gold Price Poised to Rise After Correction and Downtrend Line Break

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CFDs and Spot FX are complex instruments and come with high risk of losing money rapidly due to leverage and may not be suitable for all kind of traders or investors.

Most of traders or investors accounts lose money when trading CFDs and Forex. You should consider whether you understand how CFDs and Forex work and can afford the high risk of losing your money.

All information that we share in this gold-trader.net website isn't intended as investment advise. The information is based on historical performance or data and the final decision to trade is yours. Please keep in mind that past performance or data may not be indicative of future results.

Trade or invest with the money that you can afford to lose. We’re not responsible for any possible outcome that might occurred.