XAUUSD 01 03 2021 GOLD
Gold bounced off the 1726.22 support line and returned to the 1750.38 support line.
This is growth after the big collapse that happened last week. The price bounced off a strong support line formed in June /july 2016.
From this line, We expect the price to rise to the resistance zone. The price will first fix on the line in the area of 1745.77, after which it will break through the level of 1800.41 and rise to the resistance line of 1812.75. From this point it will be possible to start a sell deal. Because from there the price will reverse and fall again into the support zone 1732.45 TARGET
Gold bounced off the 1726.22 support line and returned to the 1750.38 support line.
This is growth after the big collapse that happened last week. The price bounced off a strong support line formed in June /july 2016.
From this line, We expect the price to rise to the resistance zone. The price will first fix on the line in the area of 1745.77, after which it will break through the level of 1800.41 and rise to the resistance line of 1812.75. From this point it will be possible to start a sell deal. Because from there the price will reverse and fall again into the support zone 1732.45 TARGET