GOLD open buy trade

20 нояб. 2020 г.

First the price rose to a strong resistance line and began to fall (I said that it would break through the support line).

And after that the price broke through the resistance line (former support) at the point 1879.57.

After falling from strong resistance, gold did manage to break through the nearest line.

Right now, the price has come to the support line (1857.02), bounced off it and started to grow slightly.
What's interesting about this support line?
Although it has existed for no more than three months (since September), it has already stopped the price decline several times and turned it in the direction of growth.

And now I also expect growth.
It's time to open your purchase.
SL - along the support line in the area of ​​1852.11
TP - at the intersection of resistance lines (the price will not break them) in the area of ​​1887.35.

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