DeGRAM | GOLD Forecast Extension / Fall

5 Nis 2021

I am extending my fall forecast.
First, the price pushed off the support and started to rise.

Then it rose to the intermediate resistance of 1734.95.

Then it corrected minimally from this point.

I expect the following price movement:
1. - from the resistance of 1739.98 the price will fall.
2. - it will push off from support 1621.63.
3. - then it will rise to strong resistance (line August 2020 + line 2016) 1729.91.
4. - and only then will it fall back to support.
Target - 1540.11.

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