The price continues to be in the support-resistance zone 1737.07. From this point, she has two options for movement. We talked about the first option yesterday - this is a rise to resistance and only then a fall. Today we will consider the second variant of the price movement.
Since the zone is quite strong - both of its lines, both support and resistance, formed last summer, we can assume that the price will reverse from the upper line of the zone - the resistance line of 1739.72. Then it will be able to break through the support line 1728.22.
After the breakdown of this line, the price will work out the correction and fix on it at the point 1715.60, and only then will it continue to fall. During the fall, the price will come to the support line 1654.95. This will be our goal.
I believe that the rise in price this month is a correction to the global decline.
Gold will lose its price as the economies of the countries recover. What do you think?
Yousif_Mhmd
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@DeGRAM, But Italy, Germany and France got curfew, so I don't know, what do you think?
tyaphotography
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in the private channels you said buy in the regular channels you said sale. so weird.
Lingrid
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@tyaphotography, I am considering various directions that the price may meet
I use technical and fundamental analysis
since the market is not stable now, I depicted a fall for you so that we can consider such an outcome of events
TradingAlchemist
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do you know what i came to? cryptoacivals are more like gold than dollar. think they are great for speculation, and not as payment
Solldy
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Of course there will be a fall! But first, the price will rise to 1762! There I see a resistance zone! It will help the price push off and DOWN!
UCUFMAHFUD
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Is there a professional trader !!? I really need him
I believe that the rise in price this month is a correction to the global decline.
Gold will lose its price as the economies of the countries recover. What do you think?