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DeGRAM
Nov 17, 2020 7:00 AM

GOLD start falling from resistance line  Short

Gold / U.S. DollarFOREX.com

Description

Gold slowly but surely continues to whip at our target.
Over the past week, I talked about the fact that the price will first reach the resistance zone (1897.71) and then begin to fall.
12 November

the 13th of November

November 16

As mentioned in my previous forecast, the price has reached the resistance line and is already starting a downward movement.

On its way is a support line and a support zone.
But I expect the price to be able to break them.
However, these zones will affect the movements - corrections can be expected.
The final target is a strong support line around 1810.00.

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Comments
Wolf_of_Trading
nice work and this is my Gold idea
DeGRAM
@Wolf_of_Trading, Thank you for your interesting idea
jerukaseliks
Love this thank you
DeGRAM
@jerukaseliks, Welcome
rameezcfa
i respectfully disagree here, GOLD is a BUY since yesterday.
DeGRAM
@rameezcfa, Thank you for the words, but the price will drop
Sergeykr25
amazing work! thanks
Sergeykr25
Nice analysis
DeGRAM
@Sergeykr25, Thank you
ukiretoops
Appreciate your hard work!
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