RLinda ! GOLD-> Gold in the range. What's next?
Gold has been on a positive trend since early November and is recovering to a record high for the period (up 10%) to 1786.5
Last week there were rumors of further positive dynamics for gold in the fundamental sector.
The daily chart
The Super Guppy shows gold moving into a neutral phase. The market change to a dominant bullish rally may occur after the price breaks the resistance of 1800.
MACD indicates a strong bullish factor
Daily RSI is above the 60 line - buyers are showing their strength
On the hourly chart the price is squeezed in a range. From the resistance the price is trying to get to the support zone, on Friday after the fall, by the evening the price was bought out. I think the price might continue to trade between 1765 and 1727 for a while
I think that the priority at the moment is for the buyers, so it is worth paying attention to the key zones for buying:
1) price channel support (support zone)
2) Breakdown of resistance at 1765.
For sales the condition is one - a breakdown of channel support. A downside break-down and a break-down of 1727 will open the way for the bears to 1665.
Regards R.Linda!
Last week there were rumors of further positive dynamics for gold in the fundamental sector.
The daily chart
The Super Guppy shows gold moving into a neutral phase. The market change to a dominant bullish rally may occur after the price breaks the resistance of 1800.
MACD indicates a strong bullish factor
Daily RSI is above the 60 line - buyers are showing their strength
On the hourly chart the price is squeezed in a range. From the resistance the price is trying to get to the support zone, on Friday after the fall, by the evening the price was bought out. I think the price might continue to trade between 1765 and 1727 for a while
I think that the priority at the moment is for the buyers, so it is worth paying attention to the key zones for buying:
1) price channel support (support zone)
2) Breakdown of resistance at 1765.
For sales the condition is one - a breakdown of channel support. A downside break-down and a break-down of 1727 will open the way for the bears to 1665.
Regards R.Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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