Since August last year, the price has been falling in a falling channel. A resistance line has also formed in the channel. In the area of this line, the price often corrects. This week the Gold collapsed. The price fell to the lower channel line (support) 1684.79. This strong line has stopped the price since August. I expect a rise to resistance. The target is 1760.71.
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I'm also counting on the price increase from the support, friend!
Agree that the price movement in this channel is very typical? With large falls that alternate with growth. It's time to grow, right?
DeGRAM
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@TradingStat, Thank. I appreciate your idea.
Yes, all this time I was expecting growth and it seems to me that we are closer than ever to this.
TradingBonus
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Great man! Same setup.
Solldy
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The price bounces off the lower channel line over and over again! Do not you think. that we are hanging by a thread! The line can skip the price at any time! AGREE?
DeGRAM
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@Solldy, No, I think we are on the verge of a price reversal.
Thank you for your opinion.
VasilyTrader
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I am looking for a bullish move next week as well!
Good luck!
and how will his choice affect us?🤔