#GOLD uptrend
Gold price is still in the support zone 1698.67.
It dropped from the resistance zone of 1817.90 last month. And so far the price has not been able to recover in positions
Its the influence of these two lines that gives me reason to expect the price to rise. Thus, I believe that in the near future the price will bounce off the support at 1698.61 and rise to the resistance line at 1790.05.
Gold price is still in the support zone 1698.67.
It dropped from the resistance zone of 1817.90 last month. And so far the price has not been able to recover in positions
Its the influence of these two lines that gives me reason to expect the price to rise. Thus, I believe that in the near future the price will bounce off the support at 1698.61 and rise to the resistance line at 1790.05.