Gold continues to strengthen from the 1740-1750 zone. The price is testing the resistance 1780.5, but the movement is forming quite strong at the moment, I assume that a small pullback is possible, after which the price may return to the resistance retest.
On the chart I have marked a local uptrend, which confirmed the change of the previous one by testing its boundaries from above.
I assume that a local false-break might occur at the level of 1780.5, after which the price might retest that level and reach the target I have specified. The target is the liquidity zone of the resistance level 1809.4.
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.