Gold can rise to resistance line of upward channel
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price some days ago bounced from the support line and rose to the resistance line, thereby breaking the resistance level, which is located in the seller zone. Then price rebounded of the resistance line too and started to decline to the support level, which coincide with the support line, breaking the resistance level. Next Gold some time trades between the resistance line and support level and after the price touched it, Gold rolled down to the support line, thereby breaking the support level and area. But soon the price bounced up and rose to the support area, after which the price made a little correction and entered to the upward channel. In the channel, Gold rose higher of the support level and now trades close support line of the channel. Possibly Gold can decline to the support line and then it can bounce up to the resistance line of the upward channel, where is located my target - 1980. 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.