#XAUUSD 01 04 2021
Over the past year, the price of gold has experienced several strong surges. The first fell on the second wave of covid, then there were elections in the United States, and in January - riots in Washington. Gold dropped after each jump. As a result, the price dropped to the support zone of 1675.94. From this zone, it jumped in early March, then moved along the resistance line 1742.67. And in the end, ok support fell again. After the second swing of point 1675.94, the price started to grow again and now I expect it to touch the resistance line 1725.49, after which it will fall again to support. So my final target is a support level of 1675.94.
Over the past year, the price of gold has experienced several strong surges. The first fell on the second wave of covid, then there were elections in the United States, and in January - riots in Washington. Gold dropped after each jump. As a result, the price dropped to the support zone of 1675.94. From this zone, it jumped in early March, then moved along the resistance line 1742.67. And in the end, ok support fell again. After the second swing of point 1675.94, the price started to grow again and now I expect it to touch the resistance line 1725.49, after which it will fall again to support. So my final target is a support level of 1675.94.