Lingrid

GOLD reversal in RESISTANCE zone and FALL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After the breakdown of the support level of 1763.79, the gold price continued to move between the level and the resistance line of 2018. At the beginning of May, the price pushed back from the level and now it is not a cloud from the resistance zone at the intersection of the lines of August 2020 and March 2018. I expect the price to reverse in the 1805.86 resistance zone . After that, it will break through the support zone 1763.79 and fall to the support line 1710.34. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

Comments

Your analysis always wrong you short gold since it was 1750
+30 Reply
deaccolades drmohdhamid
@drmohdhamid, you need to look at the direction before it falls
Reply
Rich_From_Home drmohdhamid
@drmohdhamid, aww 🥺
+1 Reply
Legolas_aims drmohdhamid
@drmohdhamid, U should try the signals it's quiet comical.
Reply
ashif030 drmohdhamid
@drmohdhamid, Right
Reply
T-134 drmohdhamid
@drmohdhamid, I thought she has NO IDEA of what fundamental factors move gold price.
Reply
An interesting idea to think about.

I expect a faster fall from the current position, but I admit that the price can still consolidate at the resistance.
+8 Reply
by the end of 2020, price of gold rose 655% to $ 1,893 an ounce. thus, during this period, value of gold increased sevenfold. i didn’t count on such data. how do you like result?
+5 Reply
I told you a thousand times gold in his way to 1820 but you didn't agree with me, wish you good luck in the next times.
+4 Reply
Oh great! I really like that you have adjusted the forecast and now, first of all, you expect the growth and only after the fall. I think about the same. It seems to me that this is more likely given the price increase in recent days.
+4 Reply
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