Gold break support level and can continue to decline
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Hello traders, I want share with you my opinion about Gold. When observing the chart, we see how the price approached the level 2050, changed direction and began a downward movement. Continuing its decline, Gold created a downward channel in which it traded for long time. After the last retest of the resistance line of channel, the price continued to decline, broke through the 1985 level, and subsequently left the canal. Gold, having broken through the support line of channel, entered the range and traded below the resistance level 1985 for some time. After retesting the resistance level, Gold continued its downward movement and dropped to support level 1940. The price made a small upward correction, continued to decline and recently broke through the support level. Gold is currently trading under its current resistance level and may continue to fall. I think the price can make a small upward correction, test the current resistance level and continue the downward movement. In this case, I decided to set the targets at level 1925 and at level 1910. Please share this idea with your friends and click Boost on TradingView, link below 🚀
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.