The price reached the border of the falling channel - 1801.19. This is the August 2020 resistance line. In addition to breaking the line at the time of its formation (the first wave of Covid), the price broke through the line only twice. During the US elections. And during the riots in Washington. Both breakdowns were false. At the beginning of the month, the price bounced off the support 1684.17. Then I consistently struck: - support line 1715.44. - support line 1739.46. And stopped at the resistance of 1801.19. I expect that the price will fall, break the same lines again and go down to the support level. The target is 1684.17.
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Thanks for your work friend! But unfortunately I cannot agree with your prediction. It seems to me that the channel passes through the peaks 2061 and 1951. That is, the price may still grow inside it.
Solldy
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What is the probability that there will be a false breakout? I was very impressed with the breakdowns in January! But I see that it was because of the elections! Is everything calm now?
Lingrid
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The price of Gold is highly dependent on inflation. in the eurozone there is a noticeable rise in inflation. If earlier it was 0.9%, now it has grown to 1.3%.
For comparison: from September to December 2020, inflation in the Eurozone was 0.3%🤔
TradingAlchemist
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today i learned that second wave of coronavirus infection in india and related restrictive measures almost completely paralyzed production of gold jewelry. how will gold react this?