DeGRAM | GOLD break support lines and return to level

26 เม.ย. 2021

The price reached the border of the falling channel - 1801.19.
This is the August 2020 resistance line.
In addition to breaking the line at the time of its formation (the first wave of Covid), the price broke through the line only twice.
During the US elections.
And during the riots in Washington.
Both breakdowns were false.
At the beginning of the month, the price bounced off the support 1684.17.
Then I consistently struck:
- support line 1715.44.
- support line 1739.46.
And stopped at the resistance of 1801.19.
I expect that the price will fall, break the same lines again and go down to the support level.
The target is 1684.17.

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