Ouro/Dólar AmericanoViés de alta
Gold after a possible retest can rise to resistance line
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On the chart we can see how the price created a ascending wedge pattern and trades inside.
The price is now trading close to the support line and can go down and test it.
After a possible retest of the support line, the price can bounce back and continue to rise upwards.
Therefore, I set target for Gold at a level 1820 that also coincide with the resistance line.
This is my opinion, I really hope it will be useful for you.
On the chart we can see how the price created a ascending wedge pattern and trades inside.
The price is now trading close to the support line and can go down and test it.
After a possible retest of the support line, the price can bounce back and continue to rise upwards.
Therefore, I set target for Gold at a level 1820 that also coincide with the resistance line.
This is my opinion, I really hope it will be useful for you.
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