Gold can break resistance line of triangle and continue to rise
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Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price, after retesting the resistance area, started a downward movement. Gold formed a downward impulse, fell to the support area, bounced and made an upward correction. The price continued the downward movement, broke through the support area and continued to decline. Over time, Gold created a symmetrical triangle and is now trading inside. Not long ago, the price bounced off the resistance line of the triangle and dropped to the support area, re-tested it and continued to rise. Now the price is trading above the resistance area and can continue upward movement, break through the resistance of the triangle and leave it. I think that after a possible breakdown of the resistance line, Gold can continue to rise. So I decided to set the targets at the level 2005 and at the level 2015. Please share this idea with your friends and click Boost 🚀
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.