RLinda ! GOLD-> The gold is back in the canal. What next?
Gold, as I told you before, went through a phase of consolidation, then a phase of correction, which went up to the 1900 area. After the final test of the 1900 zone and gathering huge volume of liquidity, the price freely returned in the upside channel boundaries.
I expect that in the nearest future the price will test the support zone of the channel, testing the activity of bulls and bears, but after the final consolidation above the channel support I will wait for the growth.
I assume that the key area for consolidation is the level of 1952 and the upward channel support. The short-term target is resistance 1966, the medium-term target is the liquidity zone 1978
Regards R. Linda!
I expect that in the nearest future the price will test the support zone of the channel, testing the activity of bulls and bears, but after the final consolidation above the channel support I will wait for the growth.
I assume that the key area for consolidation is the level of 1952 and the upward channel support. The short-term target is resistance 1966, the medium-term target is the liquidity zone 1978
Regards R. Linda!
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