🥇 GOLD The price enters the panic zone. Retest
Gold enters the risk zone and tests the area of the ascending support line. False-break or break-through - this nuance will be determined by the following price reaction
1) The important zone - the zone of interest 1958-1962. The price consolidation above or below the level will determine the further potential.
2) The trend is ascending, hence there is a probability that the price can make a retest in the form of a false-break-down of the support area and restore the growth towards 2000
3) We have the level of 1959 (the level of the daily timeframe), so there is a probability that the price goes there.
If price forms a consolidation above the 1959-1962 level, we might see an increase in the near future. Target 1: 1981, target 2: 2000
1) The important zone - the zone of interest 1958-1962. The price consolidation above or below the level will determine the further potential.
2) The trend is ascending, hence there is a probability that the price can make a retest in the form of a false-break-down of the support area and restore the growth towards 2000
3) We have the level of 1959 (the level of the daily timeframe), so there is a probability that the price goes there.
If price forms a consolidation above the 1959-1962 level, we might see an increase in the near future. Target 1: 1981, target 2: 2000
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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