Gold will rally from support levels!
Not a long time ago, price reached support level and broke it, after which made a retest and started to grow in channel.
In channel, Gold rose to $2880 level, but at once made correction to support line of channel and then continued to grow.
Soon, price broke $2880 level and rose to resistance line of channel, where it turned around and started to decline.
Gold exited of channel and continued to trades in a wedge, where it fell to support line and then bounced up.
Later it reached resistance line of the wedge, but recently it dropped to support line and now it rising near this line.
In my mind, Gold can bounce up from support line to $2950, thereby exiting from the wedge pattern.
In channel, Gold rose to $2880 level, but at once made correction to support line of channel and then continued to grow.
Soon, price broke $2880 level and rose to resistance line of channel, where it turned around and started to decline.
Gold exited of channel and continued to trades in a wedge, where it fell to support line and then bounced up.
Later it reached resistance line of the wedge, but recently it dropped to support line and now it rising near this line.
In my mind, Gold can bounce up from support line to $2950, thereby exiting from the wedge pattern.
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Disclaimer
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.
💥Free gold trading signals:
t.me/+-ArNrDzhu7swMzU8
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
t.me/+-ArNrDzhu7swMzU8
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
Disclaimer
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.