GOLD CORRECTION after growth and GROWTH again
This is another couple very sensitive to the race in the United States, and another couple whose movement changed unpredictably yesterday due to the political situation.
And nevertheless, despite the fact that the price broke through the resistance line and rose very strongly in yesterday's trading, I expect that the growth has completed. We can already see this from the small downward movement. Now I expect from the price that it will continue to fall - but I do not exclude a slight correction - and come to the support line.
We see that yesterday's sharp movement falls within the boundaries of a small upward channel. And the resistance line to which the price came is the upper border of the channel. Now I expect the price to work out a correction to the line and then fall to the lower border.
However, the strong growth of the last week cannot be ignored, so this decline can be perceived as a correction for strong growth. And then the price will rise back from the support line.
So I expect the final target - the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
And nevertheless, despite the fact that the price broke through the resistance line and rose very strongly in yesterday's trading, I expect that the growth has completed. We can already see this from the small downward movement. Now I expect from the price that it will continue to fall - but I do not exclude a slight correction - and come to the support line.
We see that yesterday's sharp movement falls within the boundaries of a small upward channel. And the resistance line to which the price came is the upper border of the channel. Now I expect the price to work out a correction to the line and then fall to the lower border.
However, the strong growth of the last week cannot be ignored, so this decline can be perceived as a correction for strong growth. And then the price will rise back from the support line.
So I expect the final target - the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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