The market tested resistance and dropped by forming a double top. I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Absolutely phenomenal week on gold. 14 times I brought at 1920 and closed at 1930. Never sold this market. Just brought on the dip with a combined 1,400 pips. Great week
Lingrid
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What do you think guys, where do you think the price of gold might go? Please share your opinion! 🤔
I think Gold test 1915 as you said. but it can go up to 1950 as per RSI.