DeGRAM

GOLD comes to resistance zone/ Fall

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold 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.

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