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FirstNameHelen
Jun 8, 2023 9:51 AM

HelenP. I Gold trades in triangle and may rise to trendline Long

GOLD (US$/OZ)TVC

Description

Hi folks today I'm prepared for you GOLD analytics. Not fixed above the level of 2020, the price started to fall and reached the mark of 1950, after which it made a deep upward correction and formed the resistance zone 1980-1985. After a second test of the resistance zone, Gold continued to decline, where it formed a support zone 1940-1935. Over a long period, was created a descending triangle, in which the price is still traded. After retesting the support zone, the Gold rose to a trend line corresponding to the resistance of triangle and resistance zone, and after a second test, fell back to the support zone. Recently, the price rose and approached the trend line, but did not test it and made a downward correction. Currently, the price has tested support for the triangle and has continued to rise. It seems to me that Gold may continue to move up and reach the trend line and resistance of the triangle. Therefore, goals will be set at levels 1955 and 1965. If you like my analytics you may support me with your like/comment ❤️
Comments
KABHI_FOREX_TRADING
Perfect buy in GOLD
anonimkoylu
WOW O_O
SpartaBTC
We are waiting for the price reaction to the resistance of the downtrend in order to activate a potential entry point.
Gold-Tech
Strong set-up, I like your work) Thanks friend)
melikatrader94
Awesome work as always, thanks!
ArmanShabanTrading
Beautiful idea!
HAMED_AZ
Nice one
BKTradingAcademy
Great job dear! Spot on.
RLinda
Interesting explanation, I support you and agree with your idea)
ProjectSyndicate
seems logical, good luck with the trade!
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