Gold trades inside the channel and can continue to rise
Hello traders, I want share with you my opinion about Gold. Watching the graph, we can see how Gold re-tested the support level 1810 from which it began to grow. The price continued to rise and over time formed an upward channel. We can also see how inside the channel the price created a resistance area, which was break upward impulse and made a fake breakout resistance line of channel. After returning to the Channel, Gold was re-tested the current support area and continued to move upwards. Currently, price has made a small downward correction. Ethereum is close to the support line of channel and can go down and test it. I think that after a possible re-test, the price continues to rise and can breakout resistance level. So I set the targets for Gold at the resistance level 2010 and at the level 2050 which coincide with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰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.