DeGRAM

DeGRAM | GOLD forecast update / Growth - fall

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The price bounced off the support level of 1689.75 at the end of March.
This is the second touchdown of the level after which the growth begins.
There was a possibility that the price would start falling from the resistance of 1730.14.
However, the price has broken this line.
This line is August 2020.
Its breakdown is an important event.
After the breakdown of the support (resistance) line 1730.14, the price fixed on the line.
Now the price is at 1725.74.
I expect growth to resistance (Aug 2020) 1784.36.
And then drops back to support.
The target is 1680.75.

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