DeGRAM

GOLD will return to growth

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
In early January, the price collapsed from position 1959.13.
I noted on the chart similar crashes that occurred in September and November last year.
Several lines formed at key points of price movement during those months.
At the end of last week, the price bounced off the strong support zone 1830.09.
The zone is formed by two lines.
The eldest is in August last year, the youngest is in September.
During the growth, the price broke through the support at 1850.28 and came to the resistance at 1870.47.
I expect price movement in several stages:
1. Rollback to support 1850.28
2. Breakdown of resistance 1870.47.
3. Growth to the resistance level .
Target - 1896.08.


---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
FREE Telegram channel
https://t.me/DeGRAMChannel

Contact for paid signals https://t.me/DeGRAMForex

✅TOP 1 broker 👉🏻 http://bit.ly/3spSQqC

Comments

thanks for sharing! this is my view on Gold :
+1 Reply
gold prices are holding near a 2-week peak amid a decline in the dollar
Reply
@Lingrid, will gold drop today 21st jan 2021
Reply
DeGRAM Lingrid
@Lingrid, Interesting.

Thanks
Reply
i see a rectangles. next 1955?
Reply
DeGRAM TradingAlchemist
@TradingAlchemist, A good choice.

There is an analogy here
Reply
Do you think the line will return to support line to gain strength?
Reply
DeGRAM Solldy
@Solldy, True to climb cleaner
Reply
thanks for sharing nice chart man , here is also my idea
Reply
DeGRAM Wolf_of_Trading
@Wolf_of_Trading, Good work

You are welcome
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out