GOLD FIX on support and GROWTH

2020年12月18日

We still continue to expect the price to move towards the older resistance line, which was formed back in August.
Let me remind you that since the beginning of the week, the price has been working out step by step the movement in the direction that I predicted back on Monday.
one.

2.

3.

During the week of growth, it has strengthened on the support line, broke through another support - which, of course, acted as resistance before the breakout - and now continues to rise.

However, the growth was not sharp and "direct" as I expected. And yesterday the price fixed minimally at a small local support line at 1882.43. The line has existed since September and acted as a support, stopping the price drop. However, now I do not think that the price will reverse from it into the fall.

I don't think so, since a) the price has already slightly increased above it, b) the price rise is due to the strong support of 2019, c) previous breakouts indicate the strength of the upward movement.

The price has already broken through the line, rolled back to it and consolidated. Now I'm waiting for growth. Thus, the final target is the resistance line at 1913.57.

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