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Lingrid
Oct 27, 2020 9:10 AM

GOLD price COLLAPSEΒ Short

GoldOANDA

Description

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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 gladπŸ‘©β€πŸ’»
Comments
SunnyHillCapital
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Similar view here, Lingrid.
What do you think about our forecast?
Lingrid
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Coach-Jx
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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!
Lingrid
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@Coach-Jx, thanks)
DeGRAM
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Open sell.
Lingrid
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@DeGRAM, yep
mdtitonali1450
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As a usual u r the best excellent work.keep it up..
DonnaPosey
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nice idea
Lingrid
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@DonnaPosey, thank you
owlet2
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I like ur idea.
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