DeGRAM

GOLD reasons for growth

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price of gold continues to hold within the support zone of 1700.65.
I expect growth as well as in yesterday's forecast.
Growth reasons:
1 - strong collapse of the last week (correction is needed).
2 - Strong support area.
3 - additional support line (channel line).
I expect the price to rise.
The target is 1732.87.

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