Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where at once it broke the support level, which coincided with the buyer zone and continued to move up. Later price reached the resistance line of the channel, rebounded, and fell to the support line, after which reached the resistance level, which coincided with the seller zone. Soon, Gold broke this level and rose until to the resistance line of the channel, after which turned around and started to decline inside the downward channel, leaving the upward channel. Next, Gold broke the 2430 level again and dropped to the support line of the downward channel, but at once rebounded and rose to the 2430 level. Then price bounced and fell to the buyer zone, which coincided with the support level, after which it started to grow. At the moment, I think Gold can grow a little more and then drop lower than the support level, breaking it. For this reason, I set my TP at 2330 points. Please share this idea with your friends and click Boost 🚀
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