GOLD: completion of correctional movement and return to all

Last week ended with the price breaking through the support level of 1760.82. After that, it continued to grow and came to the resistance line of 1791.20. This heavy line of resistance emerged in August 2020. Despite the rare breakouts of the line (for example, during the turmoil in the US in January), the price fell after each touch of the line. Therefore, now we can expect that after the breakdown of the level and the reversal, the price will fall and return to the support line 1694.05.

Remember, there is no place for luck in trading - only strategy!
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