LegionQ8

Gold can correct to support level and then rebound up to 2075

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a short time ago started to trade in a wedge, where it rebounded from the support line and rose to the resistance line, thereby breaking the support level, which coincided with the buyer zone. After this movement, Gold made a correction to this zone and some time traded there, after which it bounced from it and rose back. Later price around down and made a strong downward impulse to support line of the wedge, breaking the 2025 level again. But soon Gold bounced from the support line and in a short time it rose back to the support level, exiting from the wedge and also soon rose higher than the 2025 level. And now price continues to trade near this level and I think that Gold can correct to support level again and then rebound up. For this case, I set up my target at the 2075 level. Please share this idea with your friends and click Boost 🚀
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