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GOLD ! Bullish impulse after a false breakout. What's next?๐
GOLD behaves predictably relative to the 1690 level. A false breakout is formed and the price makes an impulse of almost 400 pips.
Ahead the price meets the resistance - the lower border of the channel, from here we can talk about a new scenario: if the price can enter the channel and fix above its lower border, there will be a potential for growth.
I assume that after the liquidity capture, the lower targets are reached, the price can form a growth. I expect the price to enter the channel and grow. The short-term target is the resistance of the 1750 range.
Regards R. Linda!
Ahead the price meets the resistance - the lower border of the channel, from here we can talk about a new scenario: if the price can enter the channel and fix above its lower border, there will be a potential for growth.
I assume that after the liquidity capture, the lower targets are reached, the price can form a growth. I expect the price to enter the channel and grow. The short-term target is the resistance of the 1750 range.
Regards R. Linda!
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