DeGRAM | GOLD fall after false breakout
Gold has broken through the resistance of 1733.29, which stood yesterday.
However, I expect this to turn out to be a false prediction.
The price has been trending since August 2020.
In early March, the decline stopped at the level of 1680.75.
Then the price rallied and moved along the resistance of 1752.26 for two weeks.
Then it fell back to the level and started a new growth.
In the process of rising from the level of 1752.26, the price broke through the resistance line (August 2020) 1733.29.
However, the price has already started to fall and I expect the breakout to be false.
I expect the price to come back per line.
It will fix at the point 1711.40 and continue to fall.
The target is 1680.75.
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However, I expect this to turn out to be a false prediction.
The price has been trending since August 2020.
In early March, the decline stopped at the level of 1680.75.
Then the price rallied and moved along the resistance of 1752.26 for two weeks.
Then it fell back to the level and started a new growth.
In the process of rising from the level of 1752.26, the price broke through the resistance line (August 2020) 1733.29.
However, the price has already started to fall and I expect the breakout to be false.
I expect the price to come back per line.
It will fix at the point 1711.40 and continue to fall.
The target is 1680.75.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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