Lingrid

GOLD reached SUPPORT zone and GROW

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016!

Now the main question for all investors is when exactly gold will stop and begin to grow. I think this support zone is the perfect starting point for growth. I expect the price to bounce off it and rise towards the resistance zone. So my final target is the 1800.37 resistance zone.

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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