GOLD reaches the support 1698, after it made a false-break of the resistance 1720, as I have suggested in my previous thoughts
Since now the price makes a false break of the support 1698 and starts to form a pullback, we can assume that the price moves into an accumulation phase, since it with its pullbacks marks us a range, which is formed between the levels1725 - 1691.
I suppose that the price might reach the resistance of 1720 in the nearest future after the false break-up, and if the price fails to break through the resistance and makes a false break-up attempt, then a pullback might be expected. The price is in flat.
Regards to R.Linda!
Since now the price makes a false break of the support 1698 and starts to form a pullback, we can assume that the price moves into an accumulation phase, since it with its pullbacks marks us a range, which is formed between the levels1725 - 1691.
I suppose that the price might reach the resistance of 1720 in the nearest future after the false break-up, and if the price fails to break through the resistance and makes a false break-up attempt, then a pullback might be expected. The price is in flat.
Regards to 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
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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
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.