GOLD will GROW after fix on SUPPORT line

2020年12月22日

Let me remind you of my past predictions
In the middle of last week, the price was able to break through the support line 1862.06 and grow above it.

Then she fixed herself on the line.

Then she began to fall.

The price has not yet fully reached our target and is in formation. Therefore, we are waiting for it to touch support, after which you can open a purchase.

It is important to take into account that the breakout of the last week was supported by the 2019 line. Moreover, the breakdown took place at the intersection of the support lines. That is, there is every reason to expect that the price will finally break the downtrend and start growing.

Therefore, now I expect that after the breakout, the price will roll back and touch the support line around 1852.05. And then it will push off and rise to the resistance line of 1902.12.

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