During yesterday's trading day, gold collapsed, losing almost 1000 points in positions!
The last such collapse occurred at the beginning of August, slightly less - in the middle of September.
Right now, the price has already begun work to restore positions. During the collapse, she came to the line of support, was able to push off from it and is now growing. In addition, during her growth, Chena was able to break through a small area, which now also acts as a support for her.
I expect the price to rise to the nearest resistance line. This line enters the resistance zone - the close location of the level and two lines.
Therefore, I believe that the price will not be able to break through this zone yet. On the contrary, it will turn around and start falling. The ultimate goal in this case is the support line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻