GOLD within the local uptrend channel after a false breakdown of the strong 1690 liquidity zone breaks the old downtrend upwards, which opens new analysis possibilities.
On the chart, I have marked a strong istoric level of 1780.5, which the price has already tested and is now forming a retest.
I suppose that there might be a small pullback from the level, it is important to wait for a false-break and fixation of the price under 1780.5. My medium-term target is the border of the support area, but local lows can also be considered.
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