GOLD now - growth, after - falling to support
Since August, the price has been in a downward channel.
In early December, the price came to a strong support at 1814.55.
And last week it broke through the support line (the upper channel line) 1857.53.
Thus, leaving the channel and changing the trend to an upward one.
Now the price is at the local support line (since September).
The price moves towards the resistance level, but will not break it.
This is a historically strong level, which the price touched only twice, and broke only once (in August 2020)
I expect gold to move in stages
1 - First, the price will rise through the correction to the resistance level of 1922.01
2 - Then it will fall, break through the support line 1884.74 and consolidate on it.
3 - As a result, the price will go down to the lower support line.
The target is 1844.63.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
In early December, the price came to a strong support at 1814.55.
And last week it broke through the support line (the upper channel line) 1857.53.
Thus, leaving the channel and changing the trend to an upward one.
Now the price is at the local support line (since September).
The price moves towards the resistance level, but will not break it.
This is a historically strong level, which the price touched only twice, and broke only once (in August 2020)
I expect gold to move in stages
1 - First, the price will rise through the correction to the resistance level of 1922.01
2 - Then it will fall, break through the support line 1884.74 and consolidate on it.
3 - As a result, the price will go down to the lower support line.
The target is 1844.63.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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