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Today I want talk with you about GOLD chart.
In my previous idea I wrote that price will go to 1833 and even higher, now price already 1865.
GOLD a long time trades in Rising channel and recently broke it upward.
Price broke resistance level which now became a support 1833 which price bounced at least 5 time recently.
Now the nearest target I see a round level at 1900 USD and we have 2 scenarios how price will go there:
1) Direct scenario, it means price will continue to grow without any corrections.
2) Complex correction scenario, it means that price will have a correction to our support level 1833 and then will go up
If second scenario will be, good to open position in buy zone 1830-1820 USD
So I expect something like this, we will see :)
Have a great profit !
Today I want talk with you about GOLD chart.
In my previous idea I wrote that price will go to 1833 and even higher, now price already 1865.
GOLD a long time trades in Rising channel and recently broke it upward.
Price broke resistance level which now became a support 1833 which price bounced at least 5 time recently.
Now the nearest target I see a round level at 1900 USD and we have 2 scenarios how price will go there:
1) Direct scenario, it means price will continue to grow without any corrections.
2) Complex correction scenario, it means that price will have a correction to our support level 1833 and then will go up
If second scenario will be, good to open position in buy zone 1830-1820 USD
So I expect something like this, we will see :)
Have a great profit !
This is XAU/USD idea ,not DOGE as you can see.