Hi folks today I'm prepared for you GOLD analytics. Retesting again the support zone 1820-1805, the price rose for a long time, broke through resistance at the level 1935 and created an ascending channel. Gold continued to rise and tried to break through the resistance of the channel, but the price could not be fixed higher, returned to the channel and continued to decline. After a slight correction, the price continued to rise, re-tested the resistance of the channel and rebounded. The Gold continued to move inside the channel and created a resistance zone. Now the price is retesting the resistance zone and may begin to fall. It seems to me that Gold may break through the level 2000 and drop to support of channel. Therefore, the targets for Gold will be set at level 2000 and at level 1980, which coincide with the support of channel. If you like my analytics you may support me with your like/comment ❤️
🚀If you want became part of my trading team, follow all my personal trades and start making big profits in trading welcome to my paid VIP signals group, write me ✏️ bit.ly/4grtzW3
❤️ Welcome to my free telegram channel 👉🏼 bit.ly/418mk0x
Also on:
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.