Gold can make one more upward move and then start fall

4월 9일

Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago started to trades in a wedge, where it first rebounded from the support line and made impulse up to the resistance line, breaking the 2145 support level, which coincided with the buyer zone. After this, the price rebounded from the resistance line and declined to the support level, after which it at once bounced and in a short time rose to the resistance line of wedge. But the price at once rolled down to the support line back and then Gold made an upward impulse from this line to the current support level, which coincided with the support area, thereby exiting from the wedge pattern. Soon, Gold broke the 2270 level and some time traded in the support area, after which it a not long time ago rebounded and made impulse one more time. So, in my opinion, Gold can make one more upward move and then start to decline to support area. For this case, I set my target at the 2270 support level. Please share this idea with your friends and click Boost 🚀