Price overcomes the triangle resistance in the scenario and forms a momentum of almost 1.5%. Gold is out of the range, breaking through the upper boundary of 1765 and testing the higher volume density zone of 1777-1773. Ahead is the 1784 level. from which I expect a pullback
The price is heading towards resistance 1784, from which a technical pullback to the previously broken 1765 zone is possible. Since we have an uptrend, I expect growth to continue after the pullback. Targets remain the same.
The first target is 1784.
The second target is 1807.
The third target is 1822.
The fourth target is 1858.
Sincerely R. Linda!
Trade active
Gold is already 1804. Almost +2% since the opening of the session
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