🥇 GOLD Strong support can push back the price
Gold breaks the local support and forms a momentum, where the price will stop, we can only guess from the history. Presumably, this is the support area of 1825.
1) The bearish impulse can stop near the blue area, which is a rather strong support level
2) The global trend (if you pay attention to the lower charts) is still bullish
3) The problem is that the momentum after the consolidation can be strong enough and can break through the mentioned zone.
Expect a test in the form of a false breakdown or a pullback and consolidation above the level to open a buy
1) The bearish impulse can stop near the blue area, which is a rather strong support level
2) The global trend (if you pay attention to the lower charts) is still bullish
3) The problem is that the momentum after the consolidation can be strong enough and can break through the mentioned zone.
Expect a test in the form of a false breakdown or a pullback and consolidation above the level to open a buy
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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