DeGRAM

GOLD Forecast Update / Growth

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since August last year, the price has been falling in a falling channel.
A resistance line has also formed in the channel.
In the area of this line, the price often corrects.
This week the Gold collapsed.
The price fell to the lower channel line (support) 1684.79.
This strong line has stopped the price since August.
I expect a rise to resistance.
The target is 1760.71.

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