DeGRAM | GOLD second touch of resistance and fall

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.

Share your opinion in the comments and support the idea with likes.
Thank you for your support!
FREE Telegram channel

Contact for paid signals

✅TOP 1 broker 👉🏻


Comment removed.
@SarfarajAhmed you need a reality check
See what happened to gold right
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.
Hey what about today's FED speech?? could be impact for go low?? ps. you are doing great job 💪💪
DeGRAM mateuszkry1985
@mateuszkry1985, Thanks for the words.

We're waiting the results of speech and ready update idea tomorrow.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out