GOLD Keeps falling / New target

4 feb 2021

Since the beginning of the week, the price has followed a falling trend.
Price began to fall towards the support zone.

Then the price broke through the 1843.73 zone and continued falling.

Then the price dropped to the support zone, but broke through it.

I am updating the forecast.
A strong support level 1797.41 is on the way of the price.
It is crossed by two support lines (both August 2020).
I expect the price to come to this support zone first (1 target - 1797.41).
Then it will start to rise and come to the resistance level.
Target - 1873.01.


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