After a rollback, the price returned to the line and on the second attempt was still able to break through it at point 1731. 01 . And recently it has been in the zone between this support line and the resistance line. I expect the price to rise, break through the resistance line at 1746.50 and come to the from 1797.38, where the trendline and the historically strong level cross. As soon as the price touches this point, we can start a sell trade. I expect the price to fall from the and return to the support line at 1689.98.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
🏆TOP Broker: https://lingridedu.com/brokerFXPro
💲Forex signals: https://lingridedu.com/telegram
First 1797 is Really the Historical Resistance..and That I agree its a Strict Point for the traders To watch
Second, and This Comes From the Fundamentals , Do you Think its weird that the First Package produces 1400 usd to Every American , Yet we still Have the Same strong Historic support of Gold at around 1375?? abit weird right?
Second , Jerome Powell on Unemployment he still says we are Far from Recovery and What the Economy needs is a Vaccination First and slow economy Opening..Sell Gold Now to around 1375..But this is Gods Money..a Time is Coming we will take it Back to 50,000 per Ounce..
Collect The Pips Traders💫