Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price entered to upward channel, where it first fell to the support line from the resistance line, after which rebounded up. Soon, the price broke the 2355 level, which coincided with the buyer zone, and then continued to move up inside the upward channel. Later Gold reached the resistance line exited from the channel and even entered to support area, after which turned around and made a correction movement. Price fell to 2355 level and at once rebounded up back to the current support level and then bounced down. As well then the price started to grow inside an upward wedge, where it in a short time rose to the 2475 level, then made little correction, after which it rebounded up, breaking this level. After this, XAU reached the resistance line and then dropped to the support level. But a not long time ago started to grow, so, I think that Gold can little decline and then continue to move up in a wedge. Therefore I set my TP at 2555 points. Please share this idea with your friends and click Boost 🚀
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