Gold passed part of the way according to the plan outlined by us earlier - namely: it rose to the resistance zone.
From the support level of 1766.34, the price jumped and rose to the resistance level of 1798.39. There is a very strong resistance zone at this level. It is formed, firstly, by the level of resistance itself. Secondly, at the same place, the level crosses the July 2020 resistance line.
As you can see on the chart, the line has already given an impulse for a price reversal several times. So right now I don't think the price will be able to break this strong zone. I expect the price to move along the resistance zone and then fall back to the support level. The final target is thus a support level of 1766.34.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻