Or / Dollar Américain
Short

Gold can continue to decline to support level

1152
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago traded inside the upward channel, where it broke the 1910 support level, which coincides with the buyer zone. Next, the price reached 1945 current resistance level and later broke it too and continue to grow. Then Gold made a little correction to the 1945 level and made impulse up to the 1980 resistance level, which is located inside the seller zone, and even later made a fake breakout, after which made the correction below. Later, the price tried to back up but failed and fell firstly to the current resistance level. After this, the price made a movement up and then bounced down below the 1945 leve and resistance area, where it continues to trade to this day. I think that Gold can continue to decline to the 1910 support level, where is located my target. Please share this idea with your friends and click Boost 🚀

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