Gold after retest resistance line can fall to support level
Hello my friends, today I want to talk to you about XAU/USD.
Gold is traded in a downward local trend.
We see how the price did the retest of the resistance line and bounced back.
The price is now trading below the resistance line and can continue to fall.
I expect the price can continue to decrease and reach the support level.
I decided to set 2 goals.
1st goaI see zone 1708-1702, 2nd goals I set at the level 1665.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
Gold is traded in a downward local trend.
We see how the price did the retest of the resistance line and bounced back.
The price is now trading below the resistance line and can continue to fall.
I expect the price can continue to decrease and reach the support level.
I decided to set 2 goals.
1st goaI see zone 1708-1702, 2nd goals I set at the level 1665.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.