DeGRAM

DeGRAM | GOLD false breakout. Growth.

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
After a strong news drop at the end of last week and a false breakout of the large level 1874.5,
the instrument rose slightly in price and closed very well.
Today at the moment the gold is correcting to the support of 1874.5 for the retest.
I expect the instrument to consolidate above the level and further move along the trend until the intersection of the resistance level 1927.85 with the ascending resistance line.

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