Hello traders,
after GOLD formed an all time high in December 2023, the price is still in the resistance zone of 2020$ and expected to break to the upside again. If this support level and the up slopping trendline cannot hold the price it can break to the psychological mark of 2000$. From there we can expect another entry for long positions. In each case, targets will be around 2060$ or even the latest high at 2090$.
after GOLD formed an all time high in December 2023, the price is still in the resistance zone of 2020$ and expected to break to the upside again. If this support level and the up slopping trendline cannot hold the price it can break to the psychological mark of 2000$. From there we can expect another entry for long positions. In each case, targets will be around 2060$ or even the latest high at 2090$.
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retesting support
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