GOLD will fall after correction movement
Gold is in no hurry to make sharp movements and my previous two forecasts for it are still being formed.
1.
2.
The price continues to move exactly along the support-resistance line.
This line appeared in the middle of a very old channel.
It has existed since October 2019.
Now the price has broken through the line again.
I expect it to grow minimally. It will push off the resistance line (August 2020) and after that it will be able to fall and break through the support-resistance line.
Thus, the price will go down to the lower channel line.
The target is the support line.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
1.
2.
The price continues to move exactly along the support-resistance line.
This line appeared in the middle of a very old channel.
It has existed since October 2019.
Now the price has broken through the line again.
I expect it to grow minimally. It will push off the resistance line (August 2020) and after that it will be able to fall and break through the support-resistance line.
Thus, the price will go down to the lower channel line.
The target is the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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