GOLD forms a strong momentum of 3.5% up and returns to the boundaries of the 1750 - 1724 range. The price after the breakdown rolls back to the support for a possible consolidation in the long zone.
On the chart we can see that there was a strong downtrend from 2070 and the price reached the strong liquidity zone of 1690, after which there was a volume spike, a false breakdown of support and a renewal of the local tops.
I assume that the price can test the support of 1725 by a false breakdown and consolidate above the level, in the long zone, only after this set-up I will expect growth. The short-term target is the resistance of 1750.
Regards R. Linda!
On the chart we can see that there was a strong downtrend from 2070 and the price reached the strong liquidity zone of 1690, after which there was a volume spike, a false breakdown of support and a renewal of the local tops.
I assume that the price can test the support of 1725 by a false breakdown and consolidate above the level, in the long zone, only after this set-up I will expect growth. The short-term target is the resistance of 1750.
Regards R. Linda!
š¹TRADING is a CASINOš!?
NOā¼ļø
Join me, I'll guide you to PROFITABLE TRADINGšµ!
(don't copy, click on the links!)
š¢Telegram Channel: telegram.me/RLindaTrade
š§æ Web: rlinda.com
š“Contact: telegram.me/RLindaSignals
NOā¼ļø
Join me, I'll guide you to PROFITABLE TRADINGšµ!
(don't copy, click on the links!)
š¢Telegram Channel: telegram.me/RLindaTrade
š§æ Web: rlinda.com
š“Contact: telegram.me/RLindaSignals
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
š¹TRADING is a CASINOš!?
NOā¼ļø
Join me, I'll guide you to PROFITABLE TRADINGšµ!
(don't copy, click on the links!)
š¢Telegram Channel: telegram.me/RLindaTrade
š§æ Web: rlinda.com
š“Contact: telegram.me/RLindaSignals
NOā¼ļø
Join me, I'll guide you to PROFITABLE TRADINGšµ!
(don't copy, click on the links!)
š¢Telegram Channel: telegram.me/RLindaTrade
š§æ Web: rlinda.com
š“Contact: telegram.me/RLindaSignals
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.