Now the price is developing movement as I said in my previous forecast. Having already brought us + 220 pips of profit. Let me remind you:
Gold has been in a downtrend since August 2020, however, during this trend, it approached the support zone. At first, it was a breakdown of the level of 1793.72 and a rebound from it in growth. Then the breakout and consolidation at the line 1809.75.
Now gold is close to this line, which also keeps it from falling. This line has existed since May 2019 and has stopped the price drop more than once. Considering that there is a support level nearby, as well as the lower downtrend line - also a support line, we can say that gold may finally break the downtrend and begin to grow.
The price has really begun to lift and I continue to expect gold to break through the nearest resistance line at 1865.47 during the growt and rise to the resistance level of 1963.21.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
This is my view on it in regards to 1880.00 level