GOLD continues FALLING to support level

As I said in the previous forecast, the price begins to fall from a strong resistance line, although it is doing this quite slowly so far.

Its fluctuations are caused by the presence of the support-resistance level right there. However, I am still convinced that the level will not be able to stop the price decline. First, because recently we have already seen a breakout of this level. Secondly, because the resistance line itself, although it has existed only since August 2020, has been quite successfully holding back the price growth for all these months. Not counting, of course, the period of the US elections.

Therefore, in the near future I expect that the price will break through the level and fall first to a small support line. There she will work out the correction and start falling again. Will break the line and go down to the support level 1798.39.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻