GOLD good position for open BUY TRADE

Nov 12, 2020

At the beginning of this week, the price collapsed very much and came to a strong support zone,
Two support lines intersect here. One of which appeared on the chart a long time ago - back in 2019. The second line is slightly younger - in the summer of 2020. However, together they provided good support for the price to bounce off and stop the fall.



Now we can see that the price touched this support zone for the second time, which I regard as fixing on the line. This means that the next step will be in growth.

And this is a very good signal to open a buy trade!
I will never tire of reminding you of the importance of SL. Install it just below the resistance zone. Even if the price adjusts, you will not lose money.
The goal is growth towards the resistance line.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻