HelenP. I After breakout of support level Gold can continue fall
943
Hi folks today I'm prepared for you Gold analytics. A few days ago price started to rise inside the upward channel, in which it reached the 1950 support level and soon broke it. Then price rose to the resistance line of the channel and then rebounded to the support zone, where later Gold rebounded again and made a strong upward impulse to the 1980 resistance level, which coincide with the resistance zone. Also, the price tried to rise higher but failed and bounced to the support level, thereby exiting from the channel. After this movement, Gold some time traded near this level and then rebounded back to the 1980 - 1985 resistance zone. As well recently price rolled down to support level and broke it. Now I expect that Gold can make a movement up to the support level, which coincide with the support zone and then continue to decline, For this reason, I set up my target at the 1930 level. If you like my analytics you may support me with your like/comment ❤️
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🚀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
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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.