GOLD starts new GROWTH

8 янв. 2021 г.

After the price crash that brought us a good profit two days ago, Gold continues to fall. The border of the ascending channel, in which the price moved since November, could not contain the fall and now Gold is at the support line 1892.88.

Let me remind you that a few days ago it came to a very strong resistance zone 1959.18. This zone is located at the intersection of two resistance lines. One of them is a strong line, formed in early September 2020, the second is the youngest one in November last year.

But despite the strength of the resistance zone, I still expect the decline to stop and the price to start rising. A strong line that has been going on since August 2020 will support her in this. I expect the price to complete the fall first and touch this line around 1885.45. And then it will push off and start growing. I expect steady growth towards the 1958.60 resistance line.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻