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DeGRAM
Nov 23, 2020 7:43 AM

GOLD finishing growth and start falling Short

Gold / U.S. DollarFOREX.com

Description

And again gold continues to move exactly as I said.
My predictions have come true all last week.
Here are the latest ones:
First, the price broke through the resistance line (former support) at the point 1879.57.

Then it fell to a strong support line and pushed away from it.

And after that, it increased after working out a good buy signal and bringing us a profit.

I must say right away that I expect a further rise in the price, so the deal is still in force.
However, it will last only until the price rises to the resistance zone 1886.30
This zone is formed by two lines, one of which is very strong (since 2019).

So I see a goal like this:
1) the price rises to the resistance zone
2) the price falls to the support line
Final Goal - 1850.66.

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
mariasearchleader
When do you think we will be back to 1870 level? I bought Friday and so deep now. Thank you for your opinion.
Lingrid
grat! thanks
DeGRAM
@Lingrid, You are welcome
TradingAlchemist
knew that there would no need for additional up movement
DeGRAM
@TradingAlchemist, The main factor is that the price will soon reach the support line.
Solldy
The lower resistance line will be broken! I think the price will bounce off the upper resistance line📉
DeGRAM
@Solldy, Why?

Is the line weak?
Solldy
@DeGRAM, I thought it was weak, but the price didn't even reach your line!📉📉
DeGRAM
@Solldy, Okey
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