Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the current support level, which coincided with the support area, and then entered to wedge, when it turned around from the resistance line and started to decline. In a short time, the price fell to the support line of the wedge, breaking the 2385 level. Then the price rebounded from the support line and continued to decline in the wedge and some time later it turned around and made impulse up to the current support level, thereby exiting from the wedge, after which dropped to the 2295 level and started to trades inside the range. In range, Gold tried to grow from the 2295 level, but later it fell back, after which at once started to grow to the current support level. When the price reached the 2385 level, it exited from range and made a fake breakout of the 2385 support level. After this movement, Gold made a strong impulse, thereby finally breaking the 2385 level and rising to 2483 points, but recently started to decline. So, I think that Gold can make small correction firstly and then continue to move up. For this case, I set my TP at 2510 points. Please share this idea with your friends and click Boost 🚀
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