GOLD Extension of forecast: rise and reversal for FALL

8 Apr 2021

As it said in its past forecasts, the price continues to rise to the resistance line in order to reverse.
First, the price bounced off the support level of 1679.67.

Then it continued to rise and broke through the resistance at 1738.56.

And now the price continues to stand on the position with practically no progress compared to yesterday. Nevertheless, I continue to forecast.

I expect that the price will continue to rise and will first touch the August 2020 resistance line at 1775.45. Then it will turn around and fall back to the June 2019 support line. So my final target is support line 1698.99.

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