Gold is testing seller zone and can to decline to support level
Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how the price has been declining for a long time and formed a downward wedge. Further, the price of the broken resistance line of wedge and begin to rise. We can also see how Gold made a small correction and re-tested the support line, from which created upward impulse and break resistance level 1890. Currently, the price is testing the seller zone and may decrease. I think the price could drop and reach a support level of 1890 where I set a target for Gold that also matches Fibonacci level 0.236. Please share this idea with your friends and click Boost 🚀
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💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.