DeGRAM | GOLD fall from a strong resistance zone

2021年5月5日

As I said last time, the price has consolidated towards resistance

And she began to fall.

I expect the fall to continue.
The main reason for this:
- strong resistance zone at the intersection of two lines in April and August 2020.
The price entered this zone at the end of the day at 1796.88.
It consolidated at the position of 1798.96 and began to fall.
I expect the price to break through the 1772.86 line and continue to fall.
The target is 1725.87.

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