GOLD: fixation on the support line after the trend breakout
After the breakdown of the trend line 1849.17 (August 2020 - present), the price continued to rise and is now at the resistance line of the younger uptrend - 1873.61. While we can expect that the price will at least fall to the support line 1845.35.
Remember, there is no place for luck in trading - only strategy!
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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.