GOLD fall in several stages
I expect a fall like last week and extend my forecasts.
one
2
Since 2016, the price has been rising in the channel.
In February 2020, the price broke the support of 1585.58 lbs then the level of 1785.48.
The growth spurt was caused by the outbreak of the COVID19 pandemic.
Since August 2020, the price has been falling.
She came to the support line (the upper border of the growing channel) 1695.91.
I expect the price to be:
1 - will rise to the resistance level of 1785.48.
2 - breaks the support 1710.45 (and fixes).
3 - will break through support 1618.17 and continue to fall.
Target - 1540.11.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
one
2
Since 2016, the price has been rising in the channel.
In February 2020, the price broke the support of 1585.58 lbs then the level of 1785.48.
The growth spurt was caused by the outbreak of the COVID19 pandemic.
Since August 2020, the price has been falling.
She came to the support line (the upper border of the growing channel) 1695.91.
I expect the price to be:
1 - will rise to the resistance level of 1785.48.
2 - breaks the support 1710.45 (and fixes).
3 - will break through support 1618.17 and continue to fall.
Target - 1540.11.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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