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GOLD ! Reinforcing the price. Test of resistance. Breakdown?๐ฆฌ
Gold continues to strengthen from the 1740-1750 zone. The price is testing the resistance 1780.5, but the movement is forming quite strong at the moment, I assume that a small pullback is possible, after which the price may return to the resistance retest.
On the chart I have marked a local uptrend, which confirmed the change of the previous one by testing its boundaries from above.
I assume that a local false-break might occur at the level of 1780.5, after which the price might retest that level and reach the target I have specified. The target is the liquidity zone of the resistance level 1809.4.
Regards R. Linda!
On the chart I have marked a local uptrend, which confirmed the change of the previous one by testing its boundaries from above.
I assume that a local false-break might occur at the level of 1780.5, after which the price might retest that level and reach the target I have specified. The target is the liquidity zone of the resistance level 1809.4.
Regards R. Linda!
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