GOLD is forming a false breakdown of support 1676. On the higher chart this is the most important support zone, which the price could not break through before and reacted very strongly (huge volume spikes and strong impulses all the way to the global highs).
From the point of view of technical analysis, we see a small pullback from the resistance at 1700, a retest and a break-up with a strong impulse, which tells us that there are investors willing to buy and to raise the price on the market.
The potential of the price for growth is huge, the price returned to the range boundaries and trades between the strong levels of 2050-1676. It is worth paying attention in the coming weeks or a month to the price reaction after the false breakdown. I expect the price to consolidate above the important levels and continue growth. Short-term target - resistance 1740, medium-term target - resistance 1765.
Regards R.Linda!
From the point of view of technical analysis, we see a small pullback from the resistance at 1700, a retest and a break-up with a strong impulse, which tells us that there are investors willing to buy and to raise the price on the market.
The potential of the price for growth is huge, the price returned to the range boundaries and trades between the strong levels of 2050-1676. It is worth paying attention in the coming weeks or a month to the price reaction after the false breakdown. I expect the price to consolidate above the important levels and continue growth. Short-term target - resistance 1740, medium-term target - resistance 1765.
Regards R.Linda!
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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。