DeGRAM

DeGRAM | GOLD completion of growth / Fall

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Since August 2020, the price has been moving in a downtrend.
The main trend line is resistance (also formed in August).
Apart from the breakdown in January of this year, the line has always reversed the price.
At the end of March, the price bounced off the support at 1680.75.
Grew up, broke through the nearest support and continued to grow.
Now the price is at the resistance of 1784.13.
The June 2020 line runs right there.
I expect to fall from this point.
The target is 1698.55.

--------------------
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.