Gold can make little correction move and then continue to grow
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price started to trades inside the upward channel, where it soon reached the support level, which coincided with the support area, but at once rebounded down to the support line of the channel. After this price bounced up from this line, broke the 2330 support level, and reached the resistance line of the channel, after which turned around and made a correction to the support line. Then the price continued to move up in the channel until reached a resistance level, which broke it and even soon exited from the upward channel. But later Gold turned around and made a downward impulse from the resistance line to the 2330 support level, breaking the 2415 resistance level. A not long time ago price bounced from this level and started to grow, so, at the moment, I think that Gold can correct to the support level again and then rebound up, higher than the resistance line thereby breaking it. For this case, I set my target at 2390 points. Please share this idea with your friends and click Boost 🚀
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