GOLD wait and OPEN BUY TRADE

25 нояб. 2020 г.

The price broke through the resistance line at the point 1824.43.
However, it is already clear how it is gradually returning to the line, which gives reason to think that the breakout was false.
This resistance line has been on the chart since August 2020.



Up to this point, prices have only been concerned with it and this is another reason to expect rapid growth.
In addition, over the past few weeks, gold has lost a lot in positions, the price has fallen heavily twice in a short time and there have been no tangible corrections so far.

Any price movement, both growth and fall - I found a case - cannot last long. Therefore, now I expect the price to come to the resistance line and break it during the growth.
And at this moment you can open a buy trade.

I will never tire of reminding you of the importance of SL - set it at the current price level around 1809.30

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