#XAUUSD 16 04 2021
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.
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.