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👩‍💻

Comments

Good analysis...😍😍
+1 Reply
Lingrid BilqisGold777
@BilqisGold777, thanks)
Reply
am expecting this (1780) to be the top and then this analysis can enter the second phase. Great expectations, I have never seen a more accurate xau predictions!
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hey im still following this, and you had asked for my idea...have you seen the chart i posted on 13th? please let me know what you think, im new too this lol
Reply
Lingrid Abzii
@Abzii, all my thoughts are described under this idea)
so you can get acquainted with them)
Reply
if the usd yield falls and seems like so since interest rates will stay low, what case you feel so strongly that this resistance line will not break to higher?
Reply
Lingrid jayk786
@jayk786, all my thoughts are described under the idea)
technical and fundamental analyses were carried out, so my foal - support line at 1722.93
+1 Reply
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