GOLD ! Fall after shake-up. Continue to fall after the pullback for OANDA:XAUUSD by RLinda

GOLD ! Fall after shake-up. Continue to fall after the pullback

On the third testing of the resistance, gold reaches the zone where there was a large accumulation of orders of all market participants. After the price activated all orders and in fact there was a shake-up, the price falls very strongly and almost reaches the support zone of 1810.5, but the price has not reached the support liquidity zone.

After the fall, a rollback is formed, there is a strong resistance level 1833.5 ahead.

I suppose that the fall of gold may continue, it all depends on how the price behaves relative to the resistance of 1833.5. Short-term target - support (liquidity zone) 1810.5. Medium-term goal - support 1780.

Sincerely, R. Linda!

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Trade closed: target reached

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RLinda

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RLinda