Or / Dollar Américain
Long

Gold can retested support area and continue move up

412
Hello traders, I want share with you my opinion about Gold. Watching the Gold, we can see how the price formed a resistance zone $1960-1950, from which it begin to decline and over time formed the downward wedge. The price reached the level of $1810, made a fake breakout, after which it returned, break the resistance line of the wedge and begin to move upwards. Next, the price made a correction to the support level, which re-tested and created an upward impulse by breaking through the resistance level $1900. We see how Gold has continued to grew and break through the resistance line which coincide with resistance area. Now the price has made a corrective movement, broken through the support line and approached the support area. I think the price have made a fake breakout of the support line and after the retest support area Gold can continue to move up. So the targets for Gold I set are $1985 and $2010. Please share this idea with your friends and click Boost 🚀

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