GOLD continues grow in intersection of channels

2020년 12월 15일

Gold continues to move towards the exit from the minor downtrend channel. My past prediction continues to come true.

The price rose from the support line 1826.21.
There is a strong support zone in this area: line + channel border + strong support level.
The price approached the resistance line (the upper line of the descending channel) 1859.36.
I expect it to break through the channel line.
And it will enter the spaces of the senior ascending channel (2019).

In my opinion, the price will rise and touch the strong resistance level in the middle of the channel.
The target is 1916.23.

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