DeGRAM

GOLD fix on support zone and start grow

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Step by step, the price is approaching our main goal. Namely: to the resistance line 1873.36.
First, the price came to the intersection of the resistance lines.
Then fell to a strong support zone .
Now it continues to form a movement in the support zone , moving along the upper line.
As I said, this support zone is incredibly strong: it is formed by two lines (2018 and 2019) and a support level .
The line on which the price is now "stuck" - August 2019 - 1808.52. And this was already enough to stop the fall.
I expect the price to bounce off the line and rise to the resistance of 1873.36.

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