Gold is testing the seller zone and may start to decline
Hello traders, I want share with you my opinion about Gold. Watching the graph, we can see how Gold growing for a while in the ascending channel, after which it broke through the support line, level 1845 and fall to the level 1810. We can also see how price created a support line that it retested and started to move up. After the breakdown of the resistance level, the price continue to rise and reached the seller zone 1865-1870. Currently, the price is inside the seller zone and may begin to decline. I think that on Monday, after the opening of the market, Gold can begin to fall and may reach the support level. So the targets for Gold, I see level 1855 and support level 1845. 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
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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.