🥇 GOLD Breakthrough of local resistance
Gold breaks forward, breaks the local resistance line and forms a bullish set-up
1) Breakout of pennant resistance
2) The price enters the long zone and forms a consolidation above the zone of interest
3) Possible retest of the level of 1924 before further growth
4) The trend is ascending. Strong. We only consider buying.
5) Consolidation above the level has been forming for 7 hours - quite a strong signal, but the nuance is that the price does not go upwards, hence the probability of support base retest appears
6) The nearest local target is resistance at 1940 (local peak). The medium-term potential tends to 1960
1) Breakout of pennant resistance
2) The price enters the long zone and forms a consolidation above the zone of interest
3) Possible retest of the level of 1924 before further growth
4) The trend is ascending. Strong. We only consider buying.
5) Consolidation above the level has been forming for 7 hours - quite a strong signal, but the nuance is that the price does not go upwards, hence the probability of support base retest appears
6) The nearest local target is resistance at 1940 (local peak). The medium-term potential tends to 1960
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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