Gold bounced from Resistance Zone and can continue to decline

27 thg 8, 2022

Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.

Today I want talk with you about GOLD chart.

As you can see in my previous gold idea, price grew up from support zone 1730 $ to resistance zone 1765 $ and give all us very very good profit friends.

In previous idea we was right and made good profit, hope this time will be the same.

So price reach resistance zone and our target from previous idea and continued decline.

I'm a little changed support and resistance zones in order to better see current picture.

At this moment I think gold will continue to decline and back inside our updated support zone in area 1730-1710.

Also I think we have good chances to see upward movement from support zone to resistance zone 1750-1765 like in previous idea.

So after some time I will update this idea and we will continue.

So, I'm waiting for one of this scenarios.

This is my opinion, I really hope this will be useful for you.

Be ready and take care your money. Have a great profit !