GOLD: Should We Expect the Start of Growth?

26 Mar 2021

And for the fifth day, the price has been in the resistance zone of 1724.25. At the same time, it moves between the borders of the zone as a whole, keeping the downtrend. And yet, such a long pause in the correction zone may indicate an impending growth. Why growth? In a trend that has lasted since August, periods of falling are clearly visible, differing in volume - 1-2, after every 2 collapse, the price rose more than the previous time. It can be expected that this will happen even now and the price will rise to 1776.69.
SL - 1698.25.

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