Gold worked last week according to my scenario. Over the week, the price on a strong movement (increased volatility) rose to the resistance level. For the resistance breakout, I do not see any preconditions and there is no accumulation (local, below the level). Simply put, there is no energy to break down resistance. A false breakout is possible, but we have a very strong downtrend. I am waiting for the resistance to be worked out as a strong level, most likely there will be a fall in prices or a rollback. In general, the situation is positive for sellers, most likely we can return to the support from which there was an increase - 1774.15
------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
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.