Gold can rebound of resistance level and fall to 1945
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price a few days ago declined to the support area, which coincided with the support level and immediately rebounded up to the resistance level. Also, the price rose a little higher but soon rolled down and fell below the support level. There, Gold tried to rise back, but later declined lower to 1890 points and then started to rise towards the support level. After the price reached the support level, it bounced down again and then made a strong upward impulse above the resistance level, thereby forming a head and shoulders pattern. Additionally, Gold rose higher out of the seller zone, but not long ago, it declined below the resistance level and now trades near it. I think that Gold can grow to the resistance line and then start to decline. Therefore, I've set my target at the 1945 level. 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.