GOLD continues to trade in a local uptrend. There are key potential zones on the chart - these are between 1885 and 1830, which the price is aiming for.
The chart also shows that the price is returning to retest 1780.5 resistance on the uptrend, earlier the price broke the downtrend level, confirmed the trend change and formed an uptrend momentum.
I assume a breakdown of 1780.5 resistance and a subsequent rise in the gold price to the liquidity zone of 1809.
Regards R. Linda!
The chart also shows that the price is returning to retest 1780.5 resistance on the uptrend, earlier the price broke the downtrend level, confirmed the trend change and formed an uptrend momentum.
I assume a breakdown of 1780.5 resistance and a subsequent rise in the gold price to the liquidity zone of 1809.
Regards R. Linda!
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