GOLD touches resistance and falls
The price continues to fall in the channel.
The falling channel has been preserved since August last year.
The latest growth can be perceived as a correction.
Despite a slight increase in the price yesterday, I extend my forecast.
I keep looking forward to the fall.
However, the price is now in the process of correction.
Therefore, I am adjusting the forecast.
Price:
- touches the resistance line first (August 2020) 1749.15
- then falls to support (zone + channel border)
The target is 1680.76.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The falling channel has been preserved since August last year.
The latest growth can be perceived as a correction.
Despite a slight increase in the price yesterday, I extend my forecast.
I keep looking forward to the fall.
However, the price is now in the process of correction.
Therefore, I am adjusting the forecast.
Price:
- touches the resistance line first (August 2020) 1749.15
- then falls to support (zone + channel border)
The target is 1680.76.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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