GOLD correction and growth
The price stopped growing and is working out the correction by falling.
At the beginning of the month, it started to grow from the support line 1821.74.
This is the strong line of 2019.
During the growth from it, the price was able to exit the descending channel 1860.30.
However, now the growth has slowed down and I expect a correction.
In my opinion, the price will continue to move in the next few stages.
1 - will be corrected to the support zone 1838.26 (here the support line and the channel line intersect)
2 - it will start to grow with some corrections and pullbacks.
3 - the line of resistance.
Target - 1915.55
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
At the beginning of the month, it started to grow from the support line 1821.74.
This is the strong line of 2019.
During the growth from it, the price was able to exit the descending channel 1860.30.
However, now the growth has slowed down and I expect a correction.
In my opinion, the price will continue to move in the next few stages.
1 - will be corrected to the support zone 1838.26 (here the support line and the channel line intersect)
2 - it will start to grow with some corrections and pullbacks.
3 - the line of resistance.
Target - 1915.55
----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
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t.me/DeGRAMForex
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