GOLD is below the critical point, but the price has already tested the support zone of the global price channel. On the local chart, we see the formation of an upward support line, where the price is actually squeezed between resistance 1679 and local support.
I assume that there will not be a strong reaction in the near future, the price will continue to trade in the risk zone for some time, the price will either test the resistance 1679 for a breakout or will try to form an impulse to the support 1634. But I am more inclined to the return of the price above the level of 1679 and the subsequent strong impulse to the resistance zone. The medium-term target is 1735.
Regards to R. Linda!
I assume that there will not be a strong reaction in the near future, the price will continue to trade in the risk zone for some time, the price will either test the resistance 1679 for a breakout or will try to form an impulse to the support 1634. But I am more inclined to the return of the price above the level of 1679 and the subsequent strong impulse to the resistance zone. The medium-term target is 1735.
Regards to R. Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
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🧿 Web: rlinda.com
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。