Gold trades inside upward wedge and can continue to grow
Hello traders, I want share with you my opinion about Gold. Watching the graph, we can see how Gold declined for a long time, after which the price broken resistance line and increased. Next the price made a deep correction, tested the support area 1810-1805 and formed an upward impulse, breaking through the resistance level 1885. Over time, the price has created an upward wedge and is now trading inside. Currently, the price is trading close to the support line and may go down and test it. I think after a possible retest support line, the price can continue moving up, so I decided to set 2 goals at level 1935 and in zone1950-1960. 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.