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#XAUUSD 16 04 2021#XAUUSD 16 04 2021 gold continued to grow and during the growth was able to break through the support line 1736.07. Then it fixed on this line, pushed away from it and continued to grow, eventually reaching the resistance level of 1770.35. As we expected yesterday. Now the price is at a strong resistance level. Despite the fact that over the past six months the level was broken several times, I expect that this time the price will stop and will not be able to break it during the growth. The reason is the lack of strong support for growth. I expect the price to fall to the support line at 1722.93. This will be our goal.
BITFINEX:XRPUSDShort
by fxpremiere
#XAUUSD 05 04 2021#XAUUSD 05 04 2021 In April last year, the price was able to break through the strong support level of 1675.9. After that, for some time price moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt occurred at the onset of the covid pandemic. After that, the demand for gold fell and investors began to sell it in large quantities, this can be seen from the global downtrend that has been going on since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9. And now it has shown growth again and is close to the resistance level. I expect it to bounce off this level and then fall. The price will be able to break through the support level 1675.9, after which it will continue to fall and come to the support line 1602.0. This will be our goal.
OANDA:XAUUSDShort
by fxpremiere
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