🏅GOLD - Resistance Retest. Waiting for a breakthrough
Gold makes a retest of 1964 (red resistance line). If the price manages to break through the limit zone of the bears' bids, we will see an active strengthening towards 1976 or even 1981.
TA on the high timeframe:
1) Price freezes and we see a sideways movement forming within a range
2) The price is trying to break through the liquidity area. Numerous retests are forming. The attempt could be successful.
TA on a low timeframe:
1) Breakout of local downward resistance (dotted line)
2) Breakout of the level 1964. This area is important for the buyers. They will have to fight for this level for further growth
3) There is a possibility of a pullback for a retest of the previously broken resistance, but in the medium term prices look good for growth.
Key support: 1962
Key resistance: 1964
TA on the high timeframe:
1) Price freezes and we see a sideways movement forming within a range
2) The price is trying to break through the liquidity area. Numerous retests are forming. The attempt could be successful.
TA on a low timeframe:
1) Breakout of local downward resistance (dotted line)
2) Breakout of the level 1964. This area is important for the buyers. They will have to fight for this level for further growth
3) There is a possibility of a pullback for a retest of the previously broken resistance, but in the medium term prices look good for growth.
Key support: 1962
Key resistance: 1964
All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.