Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price declined to the support line, thereby breaking the support level, which coincided with the buyer zone, but at once rebounded and started to grow. In a short time price rose higher than the 2310 level, breaking it again, and then rose to the resistance level, which coincided with the seller zone. Soon, GOLD broke this level, made a retest, and rose to 2442 points, after which turned around and started to decline. Price quickly declined lower than the resistance level with the support line, thereby breaking it. After this movement, the price some time traded in range and then reached the resistance level again, but at once rebounded and made impulse down lower than the 2310 level, to support line of the pennant. Next, Gold in a short time rose to the resistance line of the pennant, after which rebounded back to the support line. But a not long time ago it bounced up and now trades near the support level. In my opinion, the price can decline to the support level and then start to grow to the resistance line of the pennant. After this, Gold can break this line, thereby exiting from the pennant, and then continue to grow, therefore I set my TP at 2360 points. Please share this idea with your friends and click Boost 🚀
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