GOLD continues to fall in trend and channel
Gold movements should be viewed in the main channel from August.
Several additional trends have formed within this channel during the movement.
Each of them is falling.
Each one started after a growth spurt (correction to the main drop).
The last trend began in January after the breakdown of the resistance border (riots in Capintolia).
During the downtrend, the price touched the support (channel line) 1678.71.
Then it rose to the resistance zone 1753.32.
This zone consists of the trend resistance line (January 2021) + the resistance line of the middle of the channel.
I expect the price to continue to trend downward from this resistance.
As a result, she will come to support.
The target is 1655.15.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Several additional trends have formed within this channel during the movement.
Each of them is falling.
Each one started after a growth spurt (correction to the main drop).
The last trend began in January after the breakdown of the resistance border (riots in Capintolia).
During the downtrend, the price touched the support (channel line) 1678.71.
Then it rose to the resistance zone 1753.32.
This zone consists of the trend resistance line (January 2021) + the resistance line of the middle of the channel.
I expect the price to continue to trend downward from this resistance.
As a result, she will come to support.
The target is 1655.15.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.