LegionQ8

Gold can start to grow and break resistance line of wedge

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price tested the seller zone 1843-1847 and begin to decline, which caused the formation of the downward wedge. Currently, the price is inside the wedge above the support area. We can see how the price tested the resistance area, which coincide with the support line of wedge, bounced back and started moving uphill. I think that on Monday after the opening of market the price can continue to rise, break through the resistance line of wedge and continue driving. So for Gold, I see 2 targets at 1820 level and a resistance area 1832-1835. Please share this idea with your friends and click Boost🚀
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