RLinda ! GOLD-> Three tops activates technically a pullback
Gold forms a false breakdown of resistance 1928 (upper range boundary). The "three tops" pattern sends the price down, thereby forming a sell set-up
The trend is still bullish and therefore sales should be treated very carefully. The Three Tops pattern is a strong pattern that could be the beginning of a corrective movement. The key zone to which the price can descend is the liquidity zone 1912. From this level the price may again start its strengthening along the trend.
I expect at the moment the fall of the price to the area of 1912 and with a smaller chance to 1897, but in the medium term there is a chance for growth to 1940 and to 1952.
Regards R. Linda!
The trend is still bullish and therefore sales should be treated very carefully. The Three Tops pattern is a strong pattern that could be the beginning of a corrective movement. The key zone to which the price can descend is the liquidity zone 1912. From this level the price may again start its strengthening along the trend.
I expect at the moment the fall of the price to the area of 1912 and with a smaller chance to 1897, but in the medium term there is a chance for growth to 1940 and to 1952.
Regards R. Linda!
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