After upward movement, Gold can correct and then continue rise

20 Sep 2024

Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price reached the support level, which coincided with the buyer zone, broke this level, and rose a little more. After this, it turned around and in a short time declined below the 2430 level, breaking it again, but then XAU started to grow inside the upward channel, where it broke this level one more time. Then it made a retest and continued to move up to the resistance line of the channel, which coincided with the current support level and some time traded near. Later it made a correction movement to the support line of the channel, after which made an upward impulse, thereby breaking the 2530 level, which coincided with the support area. Now Gold continues to move up inside the upward channel and I think that it can little correct and then continue to move up to the resistance line of the upward channel. So, that's why I set my TP at 2660 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀

21 Sep 2024

Trade aktif

Gold bounced up, and continue to move up inside the upward channel. So, in my opinion, it can little correct and then continue to grow to my TP, which coincides with the resistance line of the channel.