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#XAUUSD 20 04 2021
#XAUUSD 20 04 2021
As we expected at the beginning of this week, the price completed its growth and reversed its decline. After the price touched the call support 1675.91 for the second time at the end of March. It grew, during the growth it was able to break through the support line 1741.46. After that, it fixed on this line, rose to the resistance level of 1763.79 and even broke through it. However, the resistance line of August 2020 - 1776.26 also passes near the level. And the price stopped growing. Now it has moved down from the line, came back to the resistance level, and I expect that after that the price will continue to fall and come to the support zone 1688.69. This will be our goal in October 2019 - 1.207. we expect the price to fall from this point and come to the 1.184 support line.
As we expected at the beginning of this week, the price completed its growth and reversed its decline. After the price touched the call support 1675.91 for the second time at the end of March. It grew, during the growth it was able to break through the support line 1741.46. After that, it fixed on this line, rose to the resistance level of 1763.79 and even broke through it. However, the resistance line of August 2020 - 1776.26 also passes near the level. And the price stopped growing. Now it has moved down from the line, came back to the resistance level, and I expect that after that the price will continue to fall and come to the support zone 1688.69. This will be our goal in October 2019 - 1.207. we expect the price to fall from this point and come to the 1.184 support line.
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