Last Friday,29 May 2020, the Gold price has broken 4H short term downtrend resistance and moved upward. However, it again faces a strong horizontal resistance right now. Therefore,the Gold price may push little back toward the support line to gain the bull power and may run faster to upward to meet 1760 region. If you see the previous downtrend in the price I marked here, it appears that this is an another beginning(impulse) of the continuation of uptrend channel. What is your view guys...?
Thanking for reading this.
Thanking for reading this.
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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.