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Gold trades in triangle and can continue downward move

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Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how Gold after several fake breakouts of the support level 1980 began to rise. After a small correction, the price continued to move and broke through the resistance area of 2000-2005. Gold rose to mark 2080, from where it began to fall, and after an upward correction, formed a downward impulse and dropped to the current support area. Over time, the price created a downward triangle, in which it is now traded. We see how the price rose to the resistance line of triangle and, after a retest, continued its downward movement. Not long ago, Gold retested the support area that is support for the triangle and began to grow. The price is now trading over the support area and can continue to rise and reach the resistance line. I think that Gold, after a possible retest of the resistance line of the triangle, can continue a downward move. So I decided to set the targets at level 2010 and at level 2000, which coincide with the support of the triangle. Please share this idea with your friends and click Boost 🚀

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