GOLD perfect breakout and growth
Let's recall the price movement using the example of my past forecasts that came true.
The price corrected to the support line.
Then it began to grow.
This time we will consider my last trade as an example of a correct trade using the channel breakout pattern.
There was a breakdown of the resistance line of the falling channel (the price left the channel), then the price dropped to this line - 1860.69.
+ the price was on one more support line (support line) 1856.21.
+ another strong support line is nearby (from May 2019).
+ keeps the growing trend.
All this speaks of continued growth.
I expect that after the correction in the support zone (support line + upper channel line) the price will continue to rise towards the resistance zone.
Target - 1953.95
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The price corrected to the support line.
Then it began to grow.
This time we will consider my last trade as an example of a correct trade using the channel breakout pattern.
There was a breakdown of the resistance line of the falling channel (the price left the channel), then the price dropped to this line - 1860.69.
+ the price was on one more support line (support line) 1856.21.
+ another strong support line is nearby (from May 2019).
+ keeps the growing trend.
All this speaks of continued growth.
I expect that after the correction in the support zone (support line + upper channel line) the price will continue to rise towards the resistance zone.
Target - 1953.95
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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