Gold has not broken the bullish trend yet. The price has left the ascending wedge and entered the consolidation phase, while the whole market is in the correction phase.
There is a strong and quite important support level on the chart, for which there may be a tough fight. False breakdown of the support may support the price growth
Scenario: False break of the support zone 3285 - 2380, consolidation above 3285 - 3290 will confirm the buyer's victory, which may cause a wave of purchases.
There is a strong and quite important support level on the chart, for which there may be a tough fight. False breakdown of the support may support the price growth
Scenario: False break of the support zone 3285 - 2380, consolidation above 3285 - 3290 will confirm the buyer's victory, which may cause a wave of purchases.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.