GOLD +440 p. per week! Next - GROWTH

25 Jan 2021

Let me remind you that at the beginning of last week I predicted two variants of price movement. And as we can see, the price began to develop according to the first option, thus bringing us 440 pips of profit!

From the support line, the price began to grow, broke through a strong level and then - the resistance line, after which it made a sharp rollback but returned to its previous positions. after a small downtrend, the price pulled back at a strong support level.

Such price behavior can be regarded as a good correction to the growth, and now I suppose that the price will start a new upward movement from the support level. I expect the price to rise to the resistance level. Thus, our final target is the resistance level 1969.51.

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