Or / Dollar Américain
Short

Gold can continue to fall and reach support level

487
Hello traders, I want share with you my opinion about Gold. When observing Gold, we can see how price broke through the resistance level 1985 and formed an upward impulse. The price made a deep correction, continued to rise and formed the resistance area 2045-2055 from which it began to fall. Over time, Gold formed a symmetrical triangle in which it traded for some time. The price broke through the resistance line, left the triangle, continued to rise, and made a big fake breakout in the resistance area. After retesting the resistance area, the price continued a downward movement. Subsequently, the price broke through the level 1985 and continued to decline. Not long ago, Gold made an upward correction, retested its current support level, and bounce back. Now the price is trading below the resistance level and can continue to fall. I think the price can continue downward move and reach the support level, so I decided to set the target at level 1935. Please share this idea with your friends and click Boost 🚀

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