DeGRAM

GOLD Keeps falling / New target

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since the beginning of the week, the price has followed a falling trend.
Price began to fall towards the support zone.
Then the price broke through the 1843.73 zone and continued falling.
Then the price dropped to the support zone, but broke through it.
I am updating the forecast.
A strong support level 1797.41 is on the way of the price.
It is crossed by two support lines (both August 2020).
I expect the price to come to this support zone first (1 target - 1797.41).
Then it will start to rise and come to the resistance level.
Target - 1873.01.


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