DeGRAM

GOLD touches resistance and falls

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price continues to fall in the channel.
The falling channel has been preserved since August last year.
The latest growth can be perceived as a correction.
Despite a slight increase in the price yesterday, I extend my forecast.
I keep looking forward to the fall.
However, the price is now in the process of correction.
Therefore, I am adjusting the forecast.
Price:
- touches the resistance line first (August 2020) 1749.15
- then falls to support (zone + channel border)
The target is 1680.76.

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