GOLD ready to GROWTH and breakdown resistance level
The price is returning to growth after it suddenly and strongly collapsed in the middle of last week. Let me remind you that after the collapse, the price broke through the support zone at 1800.37, where a strong level passes.
However, after the breakout, the price stopped in the 1769.70 zone, reversed from it and began to grow again.
At the moment, the price continues to move away from the zone and I expect growth. Despite the decent resistance in the form of a level, I expect the price to continue to rise. In the area of the level of 1800.37, it will correct and eventually come to the resistance line 1828.07.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
However, after the breakout, the price stopped in the 1769.70 zone, reversed from it and began to grow again.
At the moment, the price continues to move away from the zone and I expect growth. Despite the decent resistance in the form of a level, I expect the price to continue to rise. In the area of the level of 1800.37, it will correct and eventually come to the resistance line 1828.07.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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