GOLD is forming a false breakdown of support 1676. On the higher chart this is the most important support zone, which the price could not break through before and reacted very strongly (huge volume spikes and strong impulses all the way to the global highs).
From the point of view of technical analysis, we see a small pullback from the resistance at 1700, a retest and a break-up with a strong impulse, which tells us that there are investors willing to buy and to raise the price on the market.
The potential of the price for growth is huge, the price returned to the range boundaries and trades between the strong levels of 2050-1676. It is worth paying attention in the coming weeks or a month to the price reaction after the false breakdown. I expect the price to consolidate above the important levels and continue growth. Short-term target - resistance 1740, medium-term target - resistance 1765.
Regards R.Linda!
From the point of view of technical analysis, we see a small pullback from the resistance at 1700, a retest and a break-up with a strong impulse, which tells us that there are investors willing to buy and to raise the price on the market.
The potential of the price for growth is huge, the price returned to the range boundaries and trades between the strong levels of 2050-1676. It is worth paying attention in the coming weeks or a month to the price reaction after the false breakdown. I expect the price to consolidate above the important levels and continue growth. Short-term target - resistance 1740, medium-term target - resistance 1765.
Regards R.Linda!
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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
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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
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.