GOLD GROWTH and BREAK trend line

14 ธ.ค. 2020

Gold has been in a downtrend since August 2020, however, during this trend, it approached the support zone. At first, it was a breakdown of the level of 1793.72 and a rebound from it in growth.
Then the breakout and consolidation at the line 1809.75.

Now gold is close to this line, which also keeps it from falling. This line has existed since May 2019 and has stopped the price drop more than once.

Considering that there is a support level nearby, as well as the lower downtrend line - also a support line, we can say that gold may finally break the downtrend and begin to grow.

Now I expect the price to break through the nearest resistance line at 1865.47 during the growth. At this point, you can open a buy deal. Then it will roll back and fix on it. And after that it will rise to the resistance level of 1963.21. This will be our goal.

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