FOREXRSMV

FOREXRSMV

GOLD continues to form a descending price channel. On Thursday a candlestick pattern is formed indicating the imbalance of forces in favor of sellers This week is published quite a lot of interesting news. It is worth paying attention to: • 1) Core Retail Sales (no data, the previous ones were bearish) • 2) Retail Sales (expected to strengthen) • 3) CPI...

FOREXRSMV

🔽⏰GOLD is testing the indicated target support at 1912.7. A false breakout is formed and the market reacts with a rebound to the false breakout of the liquidity area The price is testing the resistance of the next bearish channel. There is a possible reaction in the form of a fall from the resistance and at the same time, the price may test the resistance area...

FOREXRSMV

FOREXCOM:XAUUSD GOLD is testing a key liquidity area after breaking triangle support. The price updates the global lows and confirms the presence of an ongoing bearish trend The price fails to reach the support at 1912.7 and forms a rebound. Most likely the target of 1912.7 is still valid, but before the support is retested the market needs more liquidity and...