Lingrid

GOLD 530 p. in last week - done! Next goal - FALLING

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week we made 530 pips on this pair!

Last few predictions to remind you of price movement:
December 16


December 17


December 18


Let me remind you that during the week we talked about the fact that the price should break through the support line and come to the resistance line - 1914. 40 . And the first part of the forecast has already come true. The price really broke through the point - 186308, and I still expect it to rise to resistance.

However, you can see that the price has almost touched the most important target, so I'm going to adjust the forecast and point to our next target.

I expect that after the price hits the resistance line at 1914. 40 , it will push off and start falling. Despite the strong growth, I do not think that the price will be able to break the line. Since since its inception in August, the price has touched it twice and both times after that fell to support.

And now I expect that after touching the resistance line, the price will fall to the support line. Thus, our final target is the support line at 1846.95.


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

Comments

thanks for sharing this is what I see on Gold:
Reply
it is so good thank for share your idea
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Lingrid nimavao
@nimavao, you are welcome)
Reply
thanks
Reply
Lingrid learner2021
@learner2021, 🥰
Reply
530 p.? that's a lot, this week will with profit trades
Reply
Lingrid TradingAlchemist
@TradingAlchemist, thank you a lot🤗
Reply
Resistance line was not needed.

Thanks for the idea.
Reply
Lingrid DeGRAM
@DeGRAM, Maybe, but I think another
Reply
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