Gold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically:
Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold.
Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate...
Given the historical significance between the 1960 and 1949 resistance levels and the opinions of other traders, it is likely that gold will experience a retracement and retest the $1949 resistance level. This suggests that sellers are likely to enter the market near this level, resulting in a temporary stall or reversal of the upward trend. As a trader, you would...
