GOLD ! False breakdown or rebound? What next? 🧐
The gold is quite predictable and reaches the target I mentioned earlier, 1809, but the liquidity zone of this level is not reached, because it is a little bit higher. The price forms a pullback and breaks the local ascending price channel.
There could be two scenarios here - a false-break or a breakout. I tend to the false-break of the price channel, but if the price can consolidate under 1780.5, then there might be a small correction to the 1755.9 zone.
I think that this break-up will be false, the price will return to the long zone in comparison to 1787.4 and will continue its growth to the liquidity zone 1809.39
Regards R.Linda!
There could be two scenarios here - a false-break or a breakout. I tend to the false-break of the price channel, but if the price can consolidate under 1780.5, then there might be a small correction to the 1755.9 zone.
I think that this break-up will be false, the price will return to the long zone in comparison to 1787.4 and will continue its growth to the liquidity zone 1809.39
Regards R.Linda!
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