GOLD start to buy
Gold has been falling since early August.
Support and resistance lines can be drawn along the highs and lows of the price, respectively.
They form a descending channel.
At the end of November, the price bounced off the support line (lower channel line) 1767.63.
During the growth, it was able to break through the support line 1808.90 (from 2019).
Then it touched the upper line of the channel, rolled back to support again and began to grow.
During the new growth, the price was able to break through the support line (the upper channel line) 1862.56 and roll back to it (which recorded the growth).
Now the price is close to the strong support zone.
The zone was formed by support lines from August 2020 and from 2019.
I expect the price to rise.
This is a good position to start buying.
SL - 1827.06.
TP - 1940.15.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Support and resistance lines can be drawn along the highs and lows of the price, respectively.
They form a descending channel.
At the end of November, the price bounced off the support line (lower channel line) 1767.63.
During the growth, it was able to break through the support line 1808.90 (from 2019).
Then it touched the upper line of the channel, rolled back to support again and began to grow.
During the new growth, the price was able to break through the support line (the upper channel line) 1862.56 and roll back to it (which recorded the growth).
Now the price is close to the strong support zone.
The zone was formed by support lines from August 2020 and from 2019.
I expect the price to rise.
This is a good position to start buying.
SL - 1827.06.
TP - 1940.15.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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