Lingrid

GOLD reversal at RESISTANCE and return to support zone

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price has been following my predictions since the beginning of this week:
At first she fell from resistance.

Then she pushed off and began a new growth.

The price continued to rise yesterday

Over the past year, the price of gold has experienced several strong surges. The first fell on the second wave of covid, then there were elections in the United States, and in January - riots in Washington. Gold dropped after each jump. As a result, the price dropped to the support zone of 1675.94.

From this zone, it jumped in early March, then moved along the resistance line 1742.67. And in the end, ok support fell again. After the second swing of point 1675.94, the price started to grow again and now I expect it to touch the resistance line 1725.49, after which it will fall again to support. So my final target is a support level of 1675.94.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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