XAUUSD 10 05 2021
The price has broken through the strength of the support zone 1800.29. In this zone, three strong lines intersect at once: June 2019, June 2016 and December 2015. A breakdown of such a strong zone is a good sign for growth. And I am updating my forecast. Now I expect that the price will first roll back and consolidate in the zone at 1802. 40 , and continue to grow and come to the resistance level of 1871.85. This will be our goal.
The price has broken through the strength of the support zone 1800.29. In this zone, three strong lines intersect at once: June 2019, June 2016 and December 2015. A breakdown of such a strong zone is a good sign for growth. And I am updating my forecast. Now I expect that the price will first roll back and consolidate in the zone at 1802. 40 , and continue to grow and come to the resistance level of 1871.85. This will be our goal.