Lingrid

GOLD price COLLAPSE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
At the trading session today, the dollar is showing a very strong movement. Which greatly influences all forecasts of its currency pairs.
The chart shows that since the beginning of the month the price has formed a small resistance zone and has invariably returned to it.
However, today the price has broken through this zone and continues to fall. I expect the decline to continue.
There is a strong support line in the price path that has been around for half a year.


However, I believe that now the price has enough strength to break through this line and continue to fall.
The target in this case - is the support zone .

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
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Comments

Similar view here, Lingrid.
What do you think about our forecast?
+2 Reply
Lingrid SunnyHillCapital
Reply
the re-test of the 1910.0 level was a good set-up for a good short. thank you for this good analysis my friend! keep it up!
+1 Reply
Lingrid Coach-Jx
@Coach-Jx, thanks)
+1 Reply
Open sell.
+1 Reply
Lingrid DeGRAM
@DeGRAM, yep
Reply
As a usual u r the best excellent work.keep it up..
Reply
nice idea
Reply
Lingrid DonnaPosey
@DonnaPosey, thank you
Reply
I like ur idea.
Reply
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