GOLD consolidation on resistance / Fall

2021年2月11日

The price is holding at position 1848.75.
It is located near a strong resistance (level).
The price broke this level during the downtrend, which has been continuing since August.

From the support of 1789.70 in early February, the price rose to resistance.

Since the beginning of this week, it has been holding at the level before falling.

I expect a fall from the strong resistance level of 1848.75.
The price fixed at this level.
The next step is to fall to the support zone (intersection of lines).
The target is 1776.38.

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