GOLD GROWTH to resistance and FALL. When start sell?

The gold price is in an important position - in the correction zone formed by two support and resistance lines. This zone appeared within a long-term downtrend channel that has existed since summer 2020. Let me remind you that after a strong fall at the end of February, the price came to the support line 1675.40 - the lower border of the downtrend. The price bounced off this line and came to the support line at 1738.30. However, she could not immediately break through it and worked out the rollback.

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 resistance zone 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 resistance zone 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 👩‍💻