LegionQ8

Gold can continue move down to support level in range

Short
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 a few days ago rebounded from the 1935 support level, which coincided with the support area and fell to lower point 1815 of the mirror line. After this, Gold started to rise between this line and in a short time rose back to the support level. Then the price broke it and entered to range, where it later made the correction to the 1935 support level, thereby breaking the mirror line. After this, Gold rebounded from the 1935 level and made a strong upward impulse higher than the resistance level, which coincided with the seller zone, but soon it around back, thereby making a fake breakout, and at that moment it continued to decline. Possibly, Gold can continue to fall until to 1935 support level. Therefore I set my target at this level. Please share this idea with your friends and click Boost 🚀
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