Lingrid

GOLD have time to OPEN THE BUY

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Despite the fact that the price has been moving in a long downtrend since this summer, gold has been showing good growth lately.

I want to remind you of my previous forecast, which came true.
Having bounced off the strong support zone, the price started to rise. Thus, it is moving along the target that we discussed yesterday and still continues to form an upward movement.


At the same time, the impetus for such a strong growth was just a strong support zone. It consists of a level and a July 2020 support line.


All this together gives reason to expect further price growth. And I expect it to rise to the resistance line. And this is a good signal to open a buy trade.

I will never tire of reminding you of the importance of SL - this time set it below the price around 1815.68.


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

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