GOLD has been in a global downtrend since testing global peak 2070.
On the chart we see a strong price channel and a distributive movement from the resistance zone. The price has almost reached the liquidity zone.
I think a false break of support 1690 and a liquidity grab is possible, after which a surge in volume and a strong pullback are possible.
I assume that the price will test the level of 1690 by a false breakdown, after which it can form a pullback to resistance. The key zone is the resistance area of 1724.
Regards R. Linda!
On the chart we see a strong price channel and a distributive movement from the resistance zone. The price has almost reached the liquidity zone.
I think a false break of support 1690 and a liquidity grab is possible, after which a surge in volume and a strong pullback are possible.
I assume that the price will test the level of 1690 by a false breakdown, after which it can form a pullback to resistance. The key zone is the resistance area of 1724.
Regards R. Linda!
Catatan
+250 pips in moment ā
šFalse breakout of the liquidity zone, and, as I said, strong momentum after the setup.
Catatan
+390 pips in moment. Great ideaā
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š¹TRADING is a CASINOš!?
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Join me, I'll guide you to PROFITABLE TRADINGšµ!
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š¢Telegram Channel: telegram.me/RLindaTrade
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Join me, I'll guide you to PROFITABLE TRADINGšµ!
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