GOLD growth after correction
The price dropped from the resistance at 1741.38.
This is the August 2020 line.
The price rose to it from the lower line of the falling channel (1676.15) but failed to break through.
Now the price is in the support zone 1702.61.
This support zone was formed in April last year.
At that time, the price moved along the zone for several weeks.
And then she pushed off and began to grow.
The price has worked out the correction from the resistance 1741.38.
She stopped in support area 1702.61.
I expect the price to bounce off and start rising.
Will break through resistance 1721.06.
Will fix on it and grow to the next resistance.
Target - 1754.75.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is the August 2020 line.
The price rose to it from the lower line of the falling channel (1676.15) but failed to break through.
Now the price is in the support zone 1702.61.
This support zone was formed in April last year.
At that time, the price moved along the zone for several weeks.
And then she pushed off and began to grow.
The price has worked out the correction from the resistance 1741.38.
She stopped in support area 1702.61.
I expect the price to bounce off and start rising.
Will break through resistance 1721.06.
Will fix on it and grow to the next resistance.
Target - 1754.75.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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t.me/DeGRAMForex
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