GOLD firstly - falling, then - grow to resistance

19 Nov 2020

I continue to watch the price of Gold: it has just passed another stage of the goal, which I have been talking about in recent weeks.
Remember, first After the breakdown of the support line, the price began to rise.

Then, during the growth, the price rose to a strong resistance line and began to fall (I said that it would break through the support line).

And after that the price broke through the resistance line (former support) at the point 1879.57.

And now the price continues to fall.
It is important that the resistance line that it broke through is a strong line (July 2019).
And so now it will be more difficult for the price to rise.

I expect it to fall towards the support line (1841.27).
And only after that it will start to grow, having come to the resistance zone (intersection of two lines).
The target is 1884.63.

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