The Gold Price Dropped
Today, 30/03/2021, the price of gold reached 1702
according to traders:
The price has continued to move in a global downtrend since August. And also - like all last week - along the resistance line, in the middle of this channel. A zone has formed at this resistance line, in which a strong level and another line inside the channel are also crossed.
The price has been moving along this line throughout the week. During this time, the price rose and fell minimally, but in general it "stands" in the same position, as, for example, in the forecast for Friday.
In total, the price has been in the resistance zone for two weeks now. It came to it on March 15 after a spike in growth from the support line 1673.63. And now the price is stuck at the resistance of 1726.74. Nevertheless, like last week, I continue to expect the price to fall from this zone.
So the final target is support area 1673.63.
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