GOLD BREAK resistance line and continues GROWTH

16 dic 2020

At the beginning of the week, I made a forecast expecting a fairly long-term growing movement. And as we can see my last predictions come true.
The price first touched the support line 1823.349.

And then she began to grow steadily.

Right now, it has come to the resistance line 1864.526. An important point on the chart, because after the breakthrough of this MV line we can expect good conditions for opening a buy trade - just like after a signal.

I expect that the price rally from the strong support line and the breakout of the resistance line will be able to break the downtrend that has been going on since August this year. After breaking the line, the price will rise. Thus, I expect the final target, as well as from the beginning of this week - the resistance level 1964.664.

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