GOLD ready to GROWTH and breakdown resistance levelThe price is returning to growth after it suddenly and strongly collapsed in the middle of last week. Let me remind you that after the collapse, the price broke through the support zone at 1800.37, where a strong level passes.
However, after the breakout, the price stopped in the 1769.70 zone, reversed from it and began to grow again.
At the moment, the price continues to move away from the zone and I expect growth. Despite the decent resistance in the form of a level, I expect the price to continue to rise. In the area of the level of 1800.37, it will correct and eventually come to the resistance line 1828.07.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Slong
EURUSD: The best pair to tradeOn FX:EURUSD we have very nice structure based setup, which is in my radar today.
Currently I wait for the price to retest the structure support @1.1244. We have a nice confluence of Fibs 38.2 right at the support level. So I look the price should finish the correction in the red zone and then rally up to the next structure level @1.13518, where we have fibs confluence of 1.272.
So, look left and see the structure for more confluence and the bearish divergence with OB
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