GOLD FIX at RESISTANCE level and FALL

The price of gold continues to stand still until it reaches the resistance line, as we expected yesterday. However, I am confident that the price will start moving in exactly this order - first it rises and then falls.


Recently, the price bounced off the strong resistance level of 1763.79 and then showed a weak downtrend. I am confident that before continuing to fall, the price will correct and touch the resistance level again. This will serve as a good hold. The price is unlikely to break through the level, since there is no technical support for this, and the world economic agenda is also relatively stable.

I expect that after fixing at the resistance level of 1763.79, the price will reverse and finally fall to the support level of 1675.91. This will be our goal.


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