DeGRAM

DeGRAM | GOLD first - fall, the second - growth

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday the price bounced off the resistance at 1845.07.
I am adjusting my past forecast.
The price has been moving in a growing channel since March 2021.
During the growth, it broke through the main falling channel at point 1788.86.
Then it came to the resistance at 18.45.07 and turned around.
I expect the price to move in two stages:
1 - drop from resistance to support of channel 1803.13.
2 - growth from support to the resistance zone (channel line + strong resistance level).
Target - 1874.12.

--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.