RLinda ! GOLD-> Bulls Celebrate CHRISTMAS and Pressure Sellers
Updated
Gold shows quite positive dynamics at the end of the calendar year 2022. Since November, the price showed a very intensive stage of recovery and made a rally of 12.6%.
On the chart, the trend change is clearly visible. It is worth paying attention to the ascending triangle. The price is in a consolidation phase. This pattern is interpreted as: the pressure of dynamic buyers on the limit resistance zone, which the sellers are trying to hold. Numerous breakout attempts, which turn out to be a false-break, only accelerate the energy buildup for the breakout.
In the medium term I expect a continuation of the onslaught on the given 1807-1810 zone, and if the situation does not change, the zone will be broken through. Our targets in the medium term will be the resistance zone 1845-1855. In the long-term prospect - 1920-1935.
Merry Christmas!
Regards R.Linda!
On the chart, the trend change is clearly visible. It is worth paying attention to the ascending triangle. The price is in a consolidation phase. This pattern is interpreted as: the pressure of dynamic buyers on the limit resistance zone, which the sellers are trying to hold. Numerous breakout attempts, which turn out to be a false-break, only accelerate the energy buildup for the breakout.
In the medium term I expect a continuation of the onslaught on the given 1807-1810 zone, and if the situation does not change, the zone will be broken through. Our targets in the medium term will be the resistance zone 1845-1855. In the long-term prospect - 1920-1935.
Merry Christmas!
Regards R.Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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