Gold will continue to move up to resistance level

6 באוג׳

Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to downward channel, where it at once fell to the resistance level, which coincided with the seller zone and broke it. Then XAU continued to decline and fell to the 2385 support level, which coincided with the buyer zone, but at once rebounded and rose to the resistance line of the channel. After this movement, the price turned around and dropped lower than the 2385 level, breaking it, after which it made impulse up and broke the 2385 level one more time. Also, the price exited from the downward channel and later started to grow inside the upward channel, where it soon reached the resistance line. Later, Gold reached the 2460 level, broke it, and even rose a little higher than the seller zone, but after which the price dropped until to buyer zone, thereby breaking the 2460 level one more time and exiting from the upward channel also. Then price made a fake breakout of the support level and now it rising. So, in my mind, Gold can make little correction and then continue to move up to the 2460 resistance level. For this case, the 2460 resistance level is my TP. Please share this idea with your friends and click Boost 🚀