GOLD FALLING and BREAK support line

2 Feb 2021

We continue to monitor the movement of the Gold price. The price moves exactly along the targets that I mentioned in my previous forecasts. First the price came to the support level of 1835.39 and bounced off it.

Then it corrected to the support line 1834.43 and continued to rise towards the resistance.

As a result, having touched the resistance zone of 1874.57, the price fell to the support line and is now within its limits.

I expect that the price will continue to fall further and will first break through the support line at 1841.35, after which it will consolidate on it in the area of ​​1849.52. And after that the binding will finally drop and come to the support level of 1798.58.

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