Lingrid

GOLD touched RESISTANCE level. Next target - FALL

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Let me remind you of the price movement according to my last forecasts that came true. Initially, gold continued to grow and during the growth was able to break through the support line 1736.07.


Then it fixed on this line, pushed away from it and continued to grow, eventually reaching the resistance level of 1770.35. As we expected yesterday.

Now the price is at a strong resistance level. Despite the fact that over the past six months the level was broken several times, I expect that this time the price will stop and will not be able to break it during the growth. The reason is the lack of strong support for growth. I expect the price to fall to the support line at 1722.93. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.