LegionQ8

Gold has tested support area and can start move up

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can observe how the price of Gold has been declining for a long time.We see how the price has formed the support area that has been tested it and bounced back.The price is now near the support area, but may start to rise and break through the resistance line.I think that after a possible breakdown of the resistance line, the price can continue move uphill, so I set targets at the level 1825 and resistance area 1844-1848 that also coincide with Fibonacci levels 0.236 and 0.5. Please share this idea with your friends and click Boost 🚀

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