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DeGRAM | GOLD breakout, consolidation and fallThe latest forecast continues to come true. Namely: the price rose to resistance and reversed in the fall. In early March, the price bounced off the 1684.17 support. After that, the price had two growth stages. After the first jump from the level, the price stopped at the resistance line 1752.90 (July 2020). Then she fell back to level again. After the second bounce, the price came to the same resistance line. Made a false break. Now the price is at the resistance of 1737.31. I expect the price to be: - will consolidate at the resistance of 1732.85. - will fall to support. The target is 1684.17. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
GOLD comes to resistance zone/ FallGold has advanced on my target that I outlined yesterday. After the price broke the resistance of 1859.06 in mid-December, gold left the falling channel. It rose to the top of 1959.95 and collapsed. During the fall, the price was able to break through two resistance lines. The line of September around 1859.06 and the line of 2019 1850.04. The other day the price touched the support 1824.61 (the upper line of the falling channel) and started a new growth. I am looking forward to the next price movement. First, it will break through the line 1850.04 and come to the resistance zone. Secondly, it will fall and come to the support line. The target is 1812.31. --------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FX_IDC:XAUUSDShort
by DeGRAM
8
GOLD finishing growth and start fallingAnd again gold continues to move exactly as I said. My predictions have come true all last week. Here are the latest ones: First, the price broke through the resistance line (former support) at the point 1879.57. Then it fell to a strong support line and pushed away from it. And after that, it increased after working out a good buy signal and bringing us a profit. I must say right away that I expect a further rise in the price, so the deal is still in force. However, it will last only until the price rises to the resistance zone 1886.30 This zone is formed by two lines, one of which is very strong (since 2019). So I see a goal like this: 1) the price rises to the resistance zone 2) the price falls to the support line Final Goal - 1850.66. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
13