The price continues to fall after breaking through the strong resistance level 1800.37 at the end of February. This fall is part of the price movement in a large downtrend channel. The channel was formed back in August 2020 and since then the price has never been able to break the trend. We have been expecting a new rise in the channel price all last week. No one...
Since the spring of 2020, we have been observing price movement in a strong growing channel. Within the channel, of course, additional support and resistance lines were formed, and one of these lines - support from December 2019, and the second - from February 2020. In January of this year, the price touched the upper border of the senior channel - resistance...
The price continues to fall after breaking through the strong resistance level 1800.37 at the end of February. This fall is part of the price movement in a large downtrend channel. The channel was formed back in August 2020 and since then the price has never been able to break the trend. We have been expecting a new rise in the channel price all last week. No...
Since the spring of 2020, we have been observing price movement in a strong growing channel. Within the channel, of course, additional support and resistance lines were formed, and one of these lines - support from December 2019, and the second - from February 2020. In January of this year, the price touched the upper border of the senior channel - resistance...
In September last year, the price touched the 1.265 support line and since then has been growing along it without even attempting breakouts. During the growth from the line, the price broke through the support zone 1.374. Then it came to the resistance level 1.421, where it stopped and reversed in the fall. However, now the price is again at the strong support...
At the very beginning of this year, the price hit the 0.879 support line and reversed its growth. This line is the lower border of the global falling channel in which the price has been moving since 2018. After touching it, the price started to grow and in these two months reached the upper border of the channel - resistance 0.931. Where it is now. This is the...
At the end of last month, the price began to fall and broke through the resistance line at 0.984. Until this moment, for several months - from October 2020 - this line acted as a support trend line for the price and directed an upward trend. However, after the breakout and consolidation on it, the price continued to fall. The other day it came to a strong support...
At the end of last week, the price broke through the 91.78 support line during the growth and thus returned to the ascending channel, which it had adhered to since the first days of December last year. The price left this channel in February and all this time moved under it. However, last week it bounced off the local support line and rallied, broke through the...
The price has been in a growing channel for a long time. And at the moment it came to the lower border of the channel and also at the intersection of two support lines. Therefore, in the near future, I expect growth. The target is the nearest resistance line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will...
Despite the fact that the price is now in a descending channel - STRONG support and resistance lines remain the main ones - it is now moving between them. Therefore, I expect growth to a strong resistance line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold price is still in the support zone 1698.61. Let me remind you that it came to this zone after it fell from the resistance zone of 1817.90 last month. And so far the price has not been able to recover in positions. Nevertheless, I patiently await growth. The price is in a strong support zone, which is formed by two strong lines. One of them is August 2020,...
Despite the strong support line, yesterday the price collapsed to a large volume. Therefore, I have to adjust my forecast. However, despite the price drop, I still expect its new growth in the near future. The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now. This line has been in existence for over...
Gold price is still in the support zone 1698.61. Let me remind you that it came to this zone after it fell from the resistance zone of 1817.90 last month. And so far the price has not been able to recover in positions. Nevertheless, I patiently await growth. The price is in a strong support zone, which is formed by two strong lines. One of them is August 2020,...
Despite the strong support line, yesterday the price collapsed to a large volume. Therefore, I have to adjust my forecast. However, despite the price drop, I still expect its new growth in the near future. The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now. This line has been in existence for over...
Since 2019, the price of this currency pair has been following an upward trend, which is guided by two lines - support and resistance, formed in October 2019. However, in May 2020, another support line was formed at the highs of the trend breakouts. Half a day the price bounced off it in January at the point 125.09, after which it broke through the senior support...
First, at the end of February, the price broke through the resistance line at 0.730, and after returning to the trend, it collapsed and now made a false breakdown of the support line at 0.719. This line has been in use since June 2020. The price has already tried to break through it, but it still returned to the trend. Therefore, now I expect that first of all...
In early February, the price made an important breakdown of the 82.18 support line. This is the strong line of 2012. And after its breakout, the price showed good growth. However, the growth stopped at another no less strong line - the 2014 resistance. I don't think the price will have the strength to make another major breakout. Therefore, now I expect that the...
After last November the price broke through the 27638 support line, it rallied to the 30884 resistance. And these two lines are the main turn lines on the chart at the moment. The price has been moving along the resistance line for the last month. However, the other day it pushed off from point 31679, then fixed on the line and fell to the support line 30883....