GOLD resume GROWTH after a collapse

Yesterday's trading day ended with a strong collapse in the price of gold. And today I am updating my forecast. Let me remind you that since August last year, the price has been moving in a downtrend. The collapse of the price is gradual, since after strong falls, it always goes into correction. However, the fall does not stop. This is due to the gradual improvement in the global economic situation.

However, the price drop has now stopped at the support zone. This zone formed at the end of November at the previous price low. It is also complemented by the October 2020 support line. And without looking at yesterday's collapse, I still expect the price to rise. My final target is resistance level 1800.37.

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