Lingrid

GOLD reversal in upward channel and FALL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In March, the price bounced off the support zone 1681.08 and after that started to grow in a small upward channel. Inside this channel, the price was able to break through the level of 1763.79, and then the two lines of March 2018 - at 1805.37 and August 2020 at the point - 1811.89. Now the price is at the resistance line of the ascending channel at the point 1820.73 and I expect a fall. The price will once again break through two strong support lines during the fall and move down to the support line of the 1767.66 channel. 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👩‍💻


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