GOLD. 01.12 New Range. Rolling back to support
Gold. Hour timeframe.
1) Gold is in the volume density zone, there is a resistance of 1784 ahead, from which I expect a pullback
2) The price is in the range of 1784-1762, the pullback may form to the lower border of the range.
3) The trend is ascending, it is not worth selling.
4) We expect either a pullback to 1762, or a breakdown of 1784 and consolidation above the level for buying
5) The 5-wave Elliott wave is forming, the supposed target might be the Fibonacci level 2.618
1) Gold is in the volume density zone, there is a resistance of 1784 ahead, from which I expect a pullback
2) The price is in the range of 1784-1762, the pullback may form to the lower border of the range.
3) The trend is ascending, it is not worth selling.
4) We expect either a pullback to 1762, or a breakdown of 1784 and consolidation above the level for buying
5) The 5-wave Elliott wave is forming, the supposed target might be the Fibonacci level 2.618
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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