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DeGRAM
Apr 27, 2021 10:09 AM

DeGRAM | Gold pause at resistance and fall Short

Gold / U.S. DollarFOREX.com

Description

The price is at the resistance, I extend the forecast and expect a fall.

After fixing at the support level of 1680.75, the price rose to the border of the downtrend.
This trend has continued since August last year.
The price is at the resistance of 1788.63.
At this point, the trend line and the July 2020 line intersect.
I'm looking forward to falling to support.
Target - 1727.13.

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Thank you for your support!
Comments
Lingrid
gold falls moderately against the backdrop of the strengthening of the dollar
and investors are awaiting the end of the April meeting of the US Federal Reserve System.
ryanpope1984
@Lingrid, everyone here is saying the price is going up
Wat do u say?
TradingAlchemist
i am looking forward press conference by fed chairman jerome powell on forecasts for american economy. it will make the gold fall
Solldy
Now the price has broken through the upper channel line! Is this a sign that gold will UP? What do you advise to do in this situation? What stop loss do you see?
UnknownUnicorn15614419
As in the situation with the Eurodollar, I see a rise in prices - a trend that is only correcting in relation to growth. Therefore, I assume that the price will continue to rise. what do you think about it?
Wolf_of_Trading
thanks for sharing , Im looking for long trend
fcpomz
@DeGRAM, thanks for sharing my friend 👍
@Lingrid, nice to see your comment 👌
DeGRAM
@fcpomz, You're welcome.
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