GOLD BREAK resistance level anf GROW

19 בינו׳ 2021

Yesterday we talked about the fact that for the last week the price has been stuck in the zone between two lines and from this position the price movement can develop in two directions. An important expected moment in both cases is the breakdown of the resistance line 1873.32 or its absence.

Today you can see that the price is following the first scenario, that is, it has started to grow and has already approached the resistance level of 1847.33. Let me remind you that as this variant develops, we expect the price to break through the strong resistance line at 1867.12. Then it will fix on it and continue to grow to the resistance zone 1953.66.

I now expect the price to advance in the first phase of this target. Namely - that it will break through the level of 1847.33, then fix on it and continue to grow. During this growth, the price will come to the resistance line 1867.12.
This will be our immediate goal.

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