🥇 GOLD - Consolidation before growth
GOLD is in consolidation phase. Although the triangle resistance was broken, the market is still gathering volume. The market sentiment is bullish, as is the global trend.
TA on the high timeframe:
1) Like the dollar index and gold, consolidation is forming in the market
2) It is worth paying attention to today's dollar news.
TA on low timeframe:
1) Retest of support and 0.618 fibo
2) Retest of the previously broken triangle boundary
3) If the market holds above these lines and above 1984, a target of 2000 and 2020 is worth considering in the long term
Key support: 1980, 1984
Key resistance: 2000
TA on the high timeframe:
1) Like the dollar index and gold, consolidation is forming in the market
2) It is worth paying attention to today's dollar news.
TA on low timeframe:
1) Retest of support and 0.618 fibo
2) Retest of the previously broken triangle boundary
3) If the market holds above these lines and above 1984, a target of 2000 and 2020 is worth considering in the long term
Key support: 1980, 1984
Key resistance: 2000
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