GOLD falls to support zone. Next - GROWTH
Gold price continues to fall, as I predicted in my past forecasts.
Let me remind you that the fall began after the price rose to the resistance zone formed by two strong lines of 2020.
After that, the price reversed and during the fall it was able to break through another resistance line formed in December 2020.
After that, the price worked out a small correction to the line and continued to fall.
Now the price continues to fall and I expect that the first thing it will come to the support zone 1797.85 at the intersection of the level and the support line. Then it will push off and grow to the resistance line 1857.98.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Let me remind you that the fall began after the price rose to the resistance zone formed by two strong lines of 2020.
After that, the price reversed and during the fall it was able to break through another resistance line formed in December 2020.
After that, the price worked out a small correction to the line and continued to fall.
Now the price continues to fall and I expect that the first thing it will come to the support zone 1797.85 at the intersection of the level and the support line. Then it will push off and grow to the resistance line 1857.98.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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