GOLD 530 p. in last week - done! Next goal - FALLING

21 dic 2020

Last week we made 530 pips on this pair!

Last few predictions to remind you of price movement:
December 16

December 17

December 18

Let me remind you that during the week we talked about the fact that the price should break through the support line and come to the resistance line - 1914.40. And the first part of the forecast has already come true. The price really broke through the point - 186308, and I still expect it to rise to resistance.

However, you can see that the price has almost touched the most important target, so I'm going to adjust the forecast and point to our next target.

I expect that after the price hits the resistance line at 1914.40, it will push off and start falling. Despite the strong growth, I do not think that the price will be able to break the line. Since since its inception in August, the price has touched it twice and both times after that fell to support.

And now I expect that after touching the resistance line, the price will fall to the support line. Thus, our final target is the support line at 1846.95.


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