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Gold is testing seller zone and can to decline to support level

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Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how the price has been declining for a long time and formed a downward wedge. Further, the price of the broken resistance line of wedge and begin to rise. We can also see how Gold made a small correction and re-tested the support line, from which created upward impulse and break resistance level 1890. Currently, the price is testing the seller zone and may decrease. I think the price could drop and reach a support level of 1890 where I set a target for Gold that also matches Fibonacci level 0.236. Please share this idea with your friends and click Boost 🚀

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.