Or / Dollar Américain
Long

Gold can continue to move up to 1980 resistance level

1892
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that price a few time ago rising inside from an upward channel, in which it first reached the 1945 level and some time later break it and rose to the resistance line of the channel. After this price bounced from the resistance line and made correction and then continue to rise. Gold rose to the 1980 resistance level and even grew higher to the seller zone. But then the price fell to the support line of the channel and later break it and declined to the 1945 support level, which coincide with the support area. After this movement, the price at once bounced up to the resistance line, and now Gold trades near this line. Possibly price can make a small movement down and then bounce up to the 1980 resistance level, where is located my target. Please share this idea with your friends and click Boost 🚀

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