GOLD correction on line and start fall
Gold is still shaping the movement I have been talking about since the start of the week - fall.
My yesterday's forecast is coming true - the price has risen to the resistance line.
By itself, this line is not very strong.
However, it is located near a strong resistance zone (intersection of three lines).
It should be forced to break through the support line and fall to the support zone at the intersection of the lines.
All lines on the chart especially strengthen the two forming the channel
The channel has existed since October 2019 and right now the price is moving near its upper border.
I expect it to touch the resistance line and then fall off.
The goal is a support zone.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
My yesterday's forecast is coming true - the price has risen to the resistance line.
By itself, this line is not very strong.
However, it is located near a strong resistance zone (intersection of three lines).
It should be forced to break through the support line and fall to the support zone at the intersection of the lines.
All lines on the chart especially strengthen the two forming the channel
The channel has existed since October 2019 and right now the price is moving near its upper border.
I expect it to touch the resistance line and then fall off.
The goal is a support zone.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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