DeGRAM

GOLD multi-timeframe analytics + Entry points and Target

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Hello everyone!
The previous forecast for gold came true and brought us a profit.

New idea
Now the price has approached the resistance line and the resistance level 1918.
It can be seen that Gold is in a falling channel and you can open SELL from the resistance line (although I am selling now, since there is a resistance level and a resistance line on the chart below)
---
In addition, I additionally show you important support and resistance lines.
If someone missed selling from the support line, then you can sell gold after breaking the support line.
The target is a support line around 1840.
.
In the long term, I expect the price to return to the strong support level of 1790
But I am not sure that the price will not be able to break our resistance line during this time.

--------------------------
Check today analysis below⠀
Share your opinion in the comments and support the idea with likes.
Thank you all 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.