GOLD: return to support level, fixation, continued growth
In February of this year, the price broke through the support level during the fall at 1764.54. Then it dropped to the lower border of the downtrend (from August 2020 to the present) 1677.63. It fixed itself at the level and grew. During the growth, the price broke through the level of 1765.54 again. And it was fixed on the support line 1773.12. It can be expected that the price will continue to rise in an uptrend and rise to the resistance level of 1811.51.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.