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Lingrid
Apr 28, 2021 8:28 AM

GOLD continuation of FALL to support lineΒ Short

GOLD / U.S. DOLLARICE

Description

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Although gold is not showing strong movement, it still continues to follow my predictions.

First, the price reached the level of resistance and prepared for a fall. Then she turned around and began to fall.

Then it stayed in the resistance zone of 1792.36 before starting to fall.

Nevertheless, it reversed and began to fall, returning to the main downtrend that has existed since August 2020.


Now the price is within the resistance line 1770.43 and I expect it to continue falling. The price will break the support line 1781.51. It will consolidate at the resistance of 1759.05 and fall to the support line at 1709.39. 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
Zara666
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How far down will gold go?
Forexplained
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Almost but i reversed it when it broke the res - was worth it now 1500 pips up
Lingrid
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@Forexplained, what is your ultimate goal?
imranzuhaib1
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curently gold is completely aginst ur idea...its far away from ur limits.....its crossing 1788
Lingrid
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@imranzuhaib1, so yesterday's important events influenced it so much
there will be an update today
rajaazanoor
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great really appreciate, Good luck
Lingrid
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@rajaazanoor, thank you so much)
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