Lingrid

GOLD completion of growth. Next step - FALL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we remember from the beginning of this week, the price came to the support level of 1675.91 pushed off and began a new growth.
Then it continued to grow.
And in a tight one approached the strong resistance zone 1734.59.

This price movement comes after it fell in February this year and broke through the strong 1740.57 level. To which I returned in March - and stood within it for two weeks.

So now I expect the price to rise to the 1734.59 zone and then reverse from it into the fall. Since the resistance level and the trend line from August 2020 intersect in this zone. And from this zone, the price will reverse and fall. So my final target is support level 1675.91.


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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