YMGroup

GOLD being in Resistance Zone and can decline to Support Zone

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FOREXCOM:XAUUSD   Ouro/Dólar Americano
Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.

Today I want talk with you about GOLD chart.

As you can see in my previous idea, we expected fall from 1665 usd to our 2 targets, 1st target done..

For now price trades close to resistance zone 1683-1663 usd.

I think we still can see some upward movement inside resistance zone, maybe even to top part of it.

But in the end I think that gold will continue to decline.

Price can break support level of zone and decline to local low 1616 usd where is will be our target.

So, I'm waiting for one of this scenarios.

This is my opinion, I really hope this will be useful for you.

Be ready and take care your money. Have a great profit !
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