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DeGRAM | GOLD second touch of resistance and fall

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After rising from the support level 1685.17 the price:
- broke through the support of August 2020 - 1713.61
- broke through the support for july 2020 1742.67.
- came to resistance 1800.97.
Since the end of April, the price has been moving along it.
I expect the price to make a second touch of the resistance at 1786.88.
And then it will fall to the support.
Reasons for the fall:
- strong trend line resistance August 2020
- the first touch of the line at 1800.97
- the beginning of the fall but consolidation towards the line (can be regarded as a good consolidation).
The target is 1719.24.

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Comments

Comment removed.
@SarfarajAhmed you need a reality check
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lolzzz
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See what happened to gold right
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I see that Mr @SarfarajAhmed is going on every one that has a posting about a short on gold and commenting the same, asking how much they've been paid to say it's going down. No added value with such comments. Report.
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Hey what about today's FED speech?? could be impact for go low?? ps. you are doing great job 💪💪
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DeGRAM mateuszkry1985
@mateuszkry1985, Thanks for the words.

We're waiting the results of speech and ready update idea tomorrow.
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