GOLD growth and leave intersection of channels
Gold came to the support line 1825.32.
This line runs parallel to the downtrend (since the end of this summer).
And it keeps the price in the middle of the trend.
Now the price is near the support zone. The zone is the line + support level.
This is a strong support for growth.
In my opinion, the price will start to rise and leave the intersection of the channels.
Ascending - from January 2019. Descending - from August 2020.
I expect price movement in several stages:
1 Consolidation at support zone 1817.96
2 Breakdown of the resistance line 1847.40
3 Growth to the resistance level.
Target - 1913.65
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This line runs parallel to the downtrend (since the end of this summer).
And it keeps the price in the middle of the trend.
Now the price is near the support zone. The zone is the line + support level.
This is a strong support for growth.
In my opinion, the price will start to rise and leave the intersection of the channels.
Ascending - from January 2019. Descending - from August 2020.
I expect price movement in several stages:
1 Consolidation at support zone 1817.96
2 Breakdown of the resistance line 1847.40
3 Growth to the resistance level.
Target - 1913.65
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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