RLinda ! GOLD-> A pullback is expected. Bulls control gold

Gold forms momentum and strengthens to 1849.9. The bulls continue to dominate the market. What to expect next?

RLinda ! GOLD-> Gold is strengthening. What to expect next?

As we can see, since the beginning of the new year and the opening of trading, the price reacts violently, and after a long accumulation it forms a bullish momentum and tests the resistance of the ascending range. This zone is quite strong, and I most likely expect a pullback to the previously broken level.

I assume price will go down from the resistance zone, but the potential remains bullish. In the near future, I expect a retest of the 1850 resistance level and an attempted retest of 1858, with further upside to the uptrend channel resistance.

Regards R. Linda!

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RLinda

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