✴️ GOLD Daily timeframe. March 7
Gold tested the 1858 resistance area, which hints at a correction or a lull in the 1840-1850 area before the Fed news
1) The 1858 area is not broken through. The resistance is stronger.
2) Correction after a false-break of the 50-MA is forming.
3) The nearest target for a correction is the rising support or the level of 1821
4) The trend is still bullish
5) At the moment, before the release of strong news, it is difficult to indicate the future direction, gold could get very high volatility today
1) The 1858 area is not broken through. The resistance is stronger.
2) Correction after a false-break of the 50-MA is forming.
3) The nearest target for a correction is the rising support or the level of 1821
4) The trend is still bullish
5) At the moment, before the release of strong news, it is difficult to indicate the future direction, gold could get very high volatility today
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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