GOLD will return to growth
In early January, the price collapsed from position 1959.13.
I noted on the chart similar crashes that occurred in September and November last year.
Several lines formed at key points of price movement during those months.
At the end of last week, the price bounced off the strong support zone 1830.09.
The zone is formed by two lines.
The eldest is in August last year, the youngest is in September.
During the growth, the price broke through the support at 1850.28 and came to the resistance at 1870.47.
I expect price movement in several stages:
1. Rollback to support 1850.28
2. Breakdown of resistance 1870.47.
3. Growth to the resistance level.
Target - 1896.08.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
I noted on the chart similar crashes that occurred in September and November last year.
Several lines formed at key points of price movement during those months.
At the end of last week, the price bounced off the strong support zone 1830.09.
The zone is formed by two lines.
The eldest is in August last year, the youngest is in September.
During the growth, the price broke through the support at 1850.28 and came to the resistance at 1870.47.
I expect price movement in several stages:
1. Rollback to support 1850.28
2. Breakdown of resistance 1870.47.
3. Growth to the resistance level.
Target - 1896.08.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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