GOLD we open BUY TRADE
At the beginning of last week, gold broke through the support level, fixed on it and began to grow.
During the week the price showed a very strong steady movement. The main feature of this growth is that the price was able to break through two strong support lines.
One of them was formed back in 2018, the second in 2019 is a very good signal for continued growth. Since the price was able to break through such a strong support, it will be able to continue to grow further.
Moreover, gold has been at the nearest support line for some time, having fixed on it. And now, we see it on the chart, it has started to grow again.
This is a good signal to open a buy order!
I expect the price to rise to the resistance level at position 2018.73. This will be the expected TP.
We set SL a little below the support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
During the week the price showed a very strong steady movement. The main feature of this growth is that the price was able to break through two strong support lines.
One of them was formed back in 2018, the second in 2019 is a very good signal for continued growth. Since the price was able to break through such a strong support, it will be able to continue to grow further.
Moreover, gold has been at the nearest support line for some time, having fixed on it. And now, we see it on the chart, it has started to grow again.
This is a good signal to open a buy order!
I expect the price to rise to the resistance level at position 2018.73. This will be the expected TP.
We set SL a little below the support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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