GOLD will return to support zone
The main support for the corrective price movement is now the 1826.16 zone.
It was formed in December and gave the price a resource for growth.
Then, after the price collapse, it came to the zone in early January.
Bounced back and came back, consolidating to the zone last week.
After the last touch, the price started to rise again.
Broke through the support line 1846.98.
Then it came to the resistance of 1857.58 and moved in a downtrend.
The price is at the upper trend line, resistance 1855.23.
It came to the line after correction.
I expect the price to fall from the resistance to the support zone (zone + trendline).
The target is 1822.23.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
It was formed in December and gave the price a resource for growth.
Then, after the price collapse, it came to the zone in early January.
Bounced back and came back, consolidating to the zone last week.
After the last touch, the price started to rise again.
Broke through the support line 1846.98.
Then it came to the resistance of 1857.58 and moved in a downtrend.
The price is at the upper trend line, resistance 1855.23.
It came to the line after correction.
I expect the price to fall from the resistance to the support zone (zone + trendline).
The target is 1822.23.
--------------------
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
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.