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Lingrid
May 10, 2021 8:24 AM

GOLD rollback to SUPPORT zone and GROWTHΒ Long

Gold / U.S. DollarFOREX.com

Description

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The price has broken through the strength of the support zone 1800.29. In this zone, three strong lines intersect at once: June 2019, June 2016 and December 2015. A breakdown of such a strong zone is a good sign for growth. And I am updating my forecast. Now I expect that the price will first roll back and consolidate in the zone at 1802.40, and continue to grow and come to the resistance level of 1871.85. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be gladπŸ‘©β€πŸ’»
Comments
reissaaqillahardiyanti
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I remember u said 1770 gold going fall hahaha....ur analysis always wrong to fall..but nice speak..god bless with ur trade my dear
Lingrid
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@reissaaqillahardiyanti, then share your opinion
what is your goal?
why did you choose it?
what fundamental factors influenced this?
Tradersweekly
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@Lingrid, Finally you changed your mind and became bullish. However, analysis does not have to use many tools. It can be simple, concise and correct at the same time. There is no need for complex forecasting methods and models.
Lingrid
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@Tradersweekly, I don't think I have a complicated model)
on the contrary, it is interesting, easy to read and informative for traders)
Tradersweekly
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@Lingrid, Oh I did not mean you in particular, rather I meant it in general. Many people here on TradingView just overcomplicate their analysis for whatever reason.
Lingrid
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@Tradersweekly, check next time)
but even when the graph is very simple, there are also many questions.
everything should be moderate and correct
Tradersweekly
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Lingrid
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@Tradersweekly, in any case, I am pleased that you have shared your idea)
clivepope
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After everyone blew their account with your earlier ideas.. you finally have come on the same page as most of the others here. I guess there will be fewer comments on your post today :)
Lingrid
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@clivepope, share your opinion with me, it will be interesting for me to read it
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