Two lines are especially important on the Gold chart now: resistance and support.
The resistance line was broken only once in early November during the US elections. The price also broke through the support line, but it turned out to be a false breakout. The fall after the breakout was stopped by a strong support line, which has been forming since 2019. And after the breakout, the Price went up again and returned to the zone between the lines.
Now I expect the price to continue to rise and come to the resistance line 1863.87. This will be the first part of our goal. If you wish, you can open a buy signal during this movement.
And then from the resistance line, I wait for the price to fall and open a sell trade. I never tire of reminding you of the importance of SL! In this case, it will be quite small for us, set it in the area of 1876.78 above the resistance line. We are looking for TP at the level of 1804.33.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
you can't break,you will fall.