RLinda ! GOLD-> price tends to the liquidity zone. What's next?
Gold is down 1.10% since opening. The fundamentals continue to weigh on the price, while major central banks from several countries continue to buy the metal.
The price is falling towards 1830-1820 area after the false breakdown of the 50-hour moving average and the release of the fundamental data. Below the 1830-1820 area there is a strong liquidity zone and transition level, just there is the lower boundary of the price channel - this combination can affect the price quite positively.
I expect a rebound against the trend from the 1825-1820 area, all because below this zone there is a large density of orders, which the price is unlikely to break through at the first time. The short-term target is 1840, 1845. The medium-term target is 1850, 1860.
Sincerely R. Linda!
The price is falling towards 1830-1820 area after the false breakdown of the 50-hour moving average and the release of the fundamental data. Below the 1830-1820 area there is a strong liquidity zone and transition level, just there is the lower boundary of the price channel - this combination can affect the price quite positively.
I expect a rebound against the trend from the 1825-1820 area, all because below this zone there is a large density of orders, which the price is unlikely to break through at the first time. The short-term target is 1840, 1845. The medium-term target is 1850, 1860.
Sincerely R. Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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