DeGRAM

DeGRAM | GOLD forecast for the week. Target - 1774

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold worked last week according to my scenario.
Over the week, the price on a strong movement (increased volatility) rose to the resistance level.
For the resistance breakout, I do not see any preconditions and there is no accumulation (local, below the level). Simply put, there is no energy to break down resistance.
A false breakout is possible, but we have a very strong downtrend.
I am waiting for the resistance to be worked out as a strong level, most likely there will be a fall in prices or a rollback.
In general, the situation is positive for sellers, most likely we can return to the support from which there was an increase - 1774.15

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