GOLD collapsed/ New growth

٧ يناير ٢٠٢١

Since December, the price has been moving in an upward trend.
The trend was guided by the support line (end of November 2020).
During the growth, the price successively broke through three support lines.
Two of these lines, 1895.238 and 1930.446, I designated as growth targets.
The basis for their formation is the downtrend, which the gold held from August to November.
The main purpose of the price is for the larger TF.

However, yesterday the price collapsed and gold broke through the 1930.446 line.
The price came to the support line 1906.738.
Then she bounced, but returned back to the line.
After the collapse and consolidation on the support, I expect the price to rise to resistance.
Target - 1930.446.

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