Gold testing resistance area and can continue to decline
Hello traders, I want share with you my opinion about Gold. When observing Gold, we can see how price created a downward triangle and traded in the within for a long time. Gold continued to decline after the retest of the resistance line, reached the support level and, after a small upward correction, continued to decline. The price broke through the support level 2000 and left the triangle. Subsequently, Gold broke through the support area, dropped to the level 1955 and, after a retest, the support level increased. The price is currently testing the current resistance area from 1975-1980 and can continue to fall. I think the price can continue the downward movement, in which case I decided to set the target at level 1970 and at the support level 1955. 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
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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.