Gold breaks through again and once again indicates that it is going to get stronger
1) Breakout of the level of 1845. If the price forms a consolidation between 1845-1847, we might look for an entry point to buy. 2) The local and global trends coincide, they are bullish. 3) The potential for price growth to the liquidity zone 1860 is open. 4) But! strong resistance is tested, there is a probability of false breakdown.
Above the level of 1845, it is possible to look for an entry point to open a long position. Target 1850, 1857, 1870
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.