As I said yesterday in my last forecast, after gold dropped to the strong support zone of 1718.90, the price turned around and started to rise.
We had been expecting this growth for a long time, but the price continued to fall in a long downtrend. Now, one should not expect that the price will recover at the last year's positions at one time, however, it will at least rise to its previous maximum. So I expect the price to rise to the resistance zone 1802.04.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Thanks for the detailed analysis. For me, it looks like this - the price will first go down and gain a foothold on the support line, and only after that will it start to grow?