Reasons to Buy Gold

٧ ديسمبر ٢٠٢٠

1) Good risk to reward ratio (1 to 4)
The price approached the strong support level of 1795 and a strong support line (there is an exact entry to open a trade)
2) The price has recently made a false breakout of support, this is a good buy signal.
A month ago, there was a false breakout of the resistance line, after which the price fell sharply.
3) The line and level of support 1795 are stronger than the resistance lines.
Since the support is on a higher timeframe.


4) trend is growing.