Gold broke support of wedge and can continue to decline
872
Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how Gold, create support area, began to grow and formed a double top. The price worked out the pattern, decreased and re-tested the support area. After the retest of support, Gold continued to grow and over time created a upward wedge. The price reached the level 2030, from which it began to decline and broke through the support line of wedge. The price is currently trading below the current resistance line and, can make a small correction and test it. I think that after a possible retest of the resistance line, the price can continue to move down and break through the support level. In that case, I decided to set two targets for Gold, at the 2010 support level and the 2000 support level. Please share this idea with your friends and click Boost 🚀
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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.