Gold can leave triangle and continue to move up to 2430 points
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price started to rise in the upward channel and soon reached the buyer zone, but then it rebounded and little declined. After this movement, the price continued to move up and soon broke the 2265 support level, which is located in the buyer area. Next, XAU rose a little more and then corrected this zone, after which XAU in a short time rose to the resistance line of the channel and continued to grow near this line to the current 2365 support level, which coincided with the support area. When Gold reached this level, it at once rebounded and fell to the support line of the upward channel, after which the price made an upward impulse to the resistance line, thereby breaking the 2365 support level. Then Gold exited from the channel and entered to triangle, where the price at once turned around and in a short time declined to support line of this pattern. But later XAU started to grow and rose to the resistance line and recently it rolled down from this line. At the moment, Gold continues to trades near this line, and in my opinion, XAU can decline to support line and then rebound up, exiting from the triangle pattern, and continue to move up. So, for this case, I set my target at the 2430 level. Please share this idea with your friends and click Boost 🚀
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