DeGRAM

GOLD false breakout and growth

Long
FOREXCOM:XAUUSD   Oro / Dollaro
During the downtrend, Gold was able to break through the support line 1782.28.
And fall to the support line 1764.61.
Both of these lines of support are very strong - one was formed in 2019 and the other in 2018.
Together they form a support zone and I expect that the price will not be able to fall below the second line.
I think that the breakout was false and after that the price will start to rise.
And this time the lines will act as a strong support for growth.
I expect growth in two phases
- first, the price will rise from the support and fix above the upper line.
- then from this line will rise to the resistance line 1861.77.

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