Emas / Dollar A.S.
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Gold can continue to rise and reach resistance of wedge

909
Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how Gold rose for a long time and broke through the resistance area 1925-1940. After retesting the current support area, the price continued to rise and broke through the resistance level 1990. Over time, Gold has created an upward wedge and is traded inside. We can see how, after a fake breakout resistance line of wedge, the price has returned and gone down. The Gold made a deep correction, tested the support line of wedge, and continued to move uphill. The price is currently trading above the support level 1990 and can continue to rise. I think the price can reach the resistance line of wedge, so I decided to set the targets at level 2025 and at level 2040, which coincide with the wedge resistance line. Please share this idea with your friends and click Boost 🚀

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