Gold is testing support line and can continue to move up
719
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how Gold left the downward wedge and created the buyer zone 1805-1815. The price retested the buyer zone, continued to rise and broke through the resistance level of 1955. After breaking down the resistance level, Gold reached the resistance area, from which it bounced and decreased. Subsequently, Gold continued to rise and again reached the resistance area, which was re-tested and fell to the current support level 1955, which coincide with the support line. Currently, the price has made a slight correction and re-tested the support line. I think that on Monday after the market opens, the price can continue to rise and reach the area of 2000-2010, where I decided to set a target. Please share this idea with your friends and click Boost 🚀