GOLD Possible Rise
#trading_idea 💡
👑 #Gold - Possible Continuation of Growth
The hourly chart shows the price movement within the ascending channel. The formation of an ABCD pattern with the possible development of an upward movement is also noticeable. The price is above MA(20) at the same time, the RSI is above the 50 line.
🔼We might see a break of the 2415 resistance level, with a possible further rise to 2431.
🔽Alternatively, the price may down back to 2415 support with continue decline to2410.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
👑 #Gold - Possible Continuation of Growth
The hourly chart shows the price movement within the ascending channel. The formation of an ABCD pattern with the possible development of an upward movement is also noticeable. The price is above MA(20) at the same time, the RSI is above the 50 line.
🔼We might see a break of the 2415 resistance level, with a possible further rise to 2431.
🔽Alternatively, the price may down back to 2415 support with continue decline to2410.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
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