MillionaireEconomics

Gold Price Support Lines To Watch

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Gold price.

Gold price is headed down but there are two support lines to keep an eye on. A Fibonacci Retracement is also showing the first support trend line is at the 0.236 level. Keep a close eye on that price if Gold price keeps falling. Gold has been in a channel for a long period. The lower support trend line is the bottom line of the channel.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Comment:
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