Gold has tested current support area and can continue to grow
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Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how Gold bounced back from the level 1950 and began to move up. The price broke through the resistance area 1985-1990, made an upward impulse and reached the 2025-2030 zone. After test the resistance area, Gold declined, reached support, and made a fake breakout at level 1985 level. For a long time, the price rose and created an upward triangle, which it recently left, breaking through the resistance area 2025-2030. Now the price has re-tested the current support area and is trading higher. I think Gold can continue to rise, so I set the target at level 2050. Please share this idea with your friends and click Boost 🚀
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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.