GOLD End of growth - beginning of fall

2020年11月6日

During yesterday's tense trading session, the price of gold rose strongly.
First of all, the price has reached the resistance line in a small upward channel, which first appeared on the chart in early September.

Secondly, it entered the resistance zone, in which over the past months (since July) it has always been "marking time" in place.

So now I expect:
first, that growth will finally stop and the market situation (following the global situation) will stabilize.
Secondly, that the price will not just stop but begin to fall.
To the nearest support line (which is unlikely to be able to stop it after such a sharp rise).
And then to the next support line - the channel line.
We continue to follow the news and keep ourselves in control.

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