GOLD LONG strong confluence zone is being tested!!

10 mag 2022

Gold is currently testing support on the daily at the bottom descending channel that seems to have formed as well as a bullish trend line which are intersecting to produce a pretty solid confluence zone. Not only that but my long term target seems to be back at our previous ath owing to the fact that we are also seeing a symmetrical triangle formation which can very well break to the upside next time price reaches resistance.