LegionQ8

Gold can break resistance level $1985 and continue to move up

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, I want share with you my opinion about Gold. Watching the graph, we can see how Gold a few days ago, it reached the level $2010, after which the price to decline and breakdown support level $1965. We can also see how the price re-tested the buyer zone $1935-1925, from which it continued to grow. Currently, the price is above the support level $1965 and for Gold I see 2 scenarios. In the first case, the price can continue to rise immediately, break through the resistance level and can reach level $2010. In the second case, I think the price can make a small correction to the support level $1965, and only after that start to move up, break through the resistance level and continue to grow. So I set the targets for Gold on the levels $1985 and $2010. Please share this idea with your friends and click Boost 🚀

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