GOLD continues GROW fron SUPPORT line

2020年12月25日

The price has reached another intermediate target of my predictions. Let me remind you that first she came to the support line.

Then a new growth started from the support line.

And as a result, it rolled back to fix on the line.

Today I am looking at the hourly timeframe price to clarify the smaller movements. The price has been moving in an ascending channel since the end of November and is now near the support line of this channel.

As before, I expect the price to rise to the resistance line, but I think that for a start, the pair will work out one more correction to the support line. It will touch it in the area of ​​1868.65, thereby - it will gain a foothold and after that it will start a new growth.

As a result, in my opinion, the target to which the price will come is the resistance line of 1908.60.

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