Gold: Buying Opportunity from 1900$ Support
It looks like the bullish trend will be continued. The price moved above 1900$ resistance and broke the local downtrend line. It gave us a solid bullish signal. MACD supports further upward movement. If the price stays above 1900$ and we have a reversal signal, it will be a good buying opportunity. Stop orders should be placed below the local swing low and 1900$ support. The main profit targets will be 2000$ and 2075$ resistance levels.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer
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