GOLD will return to growth

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.

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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
@Lingrid, will gold drop today 21st jan 2021
DeGRAM Lingrid
@Lingrid, Interesting.

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

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

You are welcome
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