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Gold can make a movement down and then start to grow

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Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few days ago rebounded from the resistance line, which is located inside the support area, and coincided with the 1985 level to the support level. After this, the price bounced from the 1945 support level and tried to rise, but failed and declined to lower this level to the support line. But then, Gold started to rise near this line and in a short time backed up higher than the 1945 level, which coincided with the buyer zone and soon rose to the resistance line. Next, the price broke the resistance line, and reached the current support level, but at once bounced lower. Also, Gold started to trades in pennant, in which the price made an upward impulse to the resistance line of pennant, thereby breaking the 1985 level. But a not long time ago it rebounded from this line, declined to support line of pennant, and even broke it. And now Gold trades below this line and possibly price can decline a little more and then start to grow. For this case, I set up my target at the 2010 level. Please share this idea with your friends and click Boost 🚀

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