GOLD ! Rise in price to 1750 after fixation in the long zone🤔
GOLD forms a strong momentum of 3.5% up and returns to the boundaries of the 1750 - 1724 range. The price after the breakdown rolls back to the support for a possible consolidation in the long zone.
On the chart we can see that there was a strong downtrend from 2070 and the price reached the strong liquidity zone of 1690, after which there was a volume spike, a false breakdown of support and a renewal of the local tops.
I assume that the price can test the support of 1725 by a false breakdown and consolidate above the level, in the long zone, only after this set-up I will expect growth. The short-term target is the resistance of 1750.
Regards R. Linda!
On the chart we can see that there was a strong downtrend from 2070 and the price reached the strong liquidity zone of 1690, after which there was a volume spike, a false breakdown of support and a renewal of the local tops.
I assume that the price can test the support of 1725 by a false breakdown and consolidate above the level, in the long zone, only after this set-up I will expect growth. The short-term target is the resistance of 1750.
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:
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🔴Contact:
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🧿Web: rlinda.com
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