Updated
GOLD Idea 27/05/2020 Key levels
GOLD break a triangle and find support in 1700.
I expect a test of resistance level from the triangle and show how strong the bears would be.
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I expect a test of resistance level from the triangle and show how strong the bears would be.
If you find this useful - give a like!
If you have the same or different vision for the future movement - comment!
Note
I will allow myself another comment on gold. On the daily chart we can see a small triangle that was drilled on May 14. This week, depending on the brokers, the schedule may be a little different. But one thing is visible on all graphs. It leaves a pretty good pin bar and we have a rise to the resistance zone and a trend line resistance again. Today the market will try to break the trend resistance line, already having a fresh touch by 1726. The most important question is whether the market will be able to close above this line, if so - I see no problem by 1750. If not - there is room for more at least a week to show where we're going.Trade active
Note
TP1 reached. Next station TP2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.