DeGRAM

GOLD will fall after a false brea

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Another tool for which the US political agenda resulted in a false breakout of resistance on the chart.
However, we continue to monitor the situation.
And we stick to our forecast, which, despite the breakdown, continues to form as we need it: the price will continue to fall.
The daily chart shows that the price continues its downward movement between the two lines of support and resistance.
And I came to the resistance line - this is also my forecast that came true.
As I said, the breakout of the resistance line that we see on the chart is false.
It is associated with the ongoing US elections.
But it is already noticeable how the price began to fall during the day.
Therefore, I expect the price to continue to fall further.
Target - support line.

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