HelenP. I Gold may exit of wedge and break resistance $1970

28 may 2023

Hi folks today I'm prepared for you GOLD analytics. In mid-April, the price dropped to the level of 1970 and after a re-test began to rise. For some time, Gold traded above current support, after which it formed an upward impulse movement and reached the level of 2080. The price rebounded from resistance, began to decline and broke through the level of 1970. Over a long period, a descending wedge was created, in which Gold is still traded. Approaching the support of the wedge, the price did not test it, began to rise and tried to break through the resistance, but failed to fix higher, and it continued to fall. Recently, the price dropped to support of the wedge, re-tested it, and rebounded. Now the price is trading above support and can continue to grow, break through resistance and leave the wedge. It seems to me that Gold can break through resistance at the level of 1970 and continue to rise. Therefore, goals will be set at levels 1970 and 1990. If you like my analytics you may support me with your like/comment ❤️