GOLD! The price is in the channel. A pullback to the upside? ๐
GOLD has entered the channel after a deep false break and testing 1690 support. The price has been holding above the support level for a long time.
On the chart we can see that the price is trading in a range and there is potential to reach the liquidity zone of 1750. I think a fight between the participants is forming at this point and I believe the correction in this phase could reach resistance.
I assume that the price in the correction can reach the liquidity zone 1750 after fixing above the support.
Regards R. Linda!
On the chart we can see that the price is trading in a range and there is potential to reach the liquidity zone of 1750. I think a fight between the participants is forming at this point and I believe the correction in this phase could reach resistance.
I assume that the price in the correction can reach the liquidity zone 1750 after fixing above the support.
Regards R. Linda!
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