Gold can break support level, make retest, and continue to fall
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Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few time ago price declined below the 1935 resistance level, which is located inside the seller zone to support line of the downward channel. Next, Gold rebounded up to the resistance line, but soon it continued to decline and in a short time price broke the 1935 resistance level again and fell back to the support line. After this, the price continued to fall and later it reached the 1900 support level, which Gold soon broke too and started to trade inside the range, thereby exiting from the downward channel. In range, gold fell until to buyer zone, but at once bounced up and started to rise. And not long time ago Gold broke the 1900 level again and now it trades near this level. Possibly price can fall to the support level and try to break it. If gold breaks this level, it can make a retest and continues to decline, For this reason, I set up my target at the 1885 level. Please share this idea with your friends and click Boost 🚀