GOLD pause in SUPPORT zone. Further - GROWTH.
The price of GOLD after a sharp fall this week continues to stand in the area of support zone 1769.59, to which it returned yesterday during the correction.
The zone has been consolidating price lows since the breakout of the strong level in November 2020. There is also a strong support line running through this area since August 2020. All this gives me reason to expect a new rise in prices. I expect it to rise to the resistance level of 1798.58.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The zone has been consolidating price lows since the breakout of the strong level in November 2020. There is also a strong support line running through this area since August 2020. All this gives me reason to expect a new rise in prices. I expect it to rise to the resistance level of 1798.58.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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