On the third testing of the resistance, gold reaches the zone where there was a large accumulation of orders of all market participants. After the price activated all orders and in fact there was a shake-up, the price falls very strongly and almost reaches the support zone of 1810.5, but the price has not reached the support liquidity zone.
After the fall, a rollback is formed, there is a strong resistance level 1833.5 ahead.
I suppose that the fall of gold may continue, it all depends on how the price behaves relative to the resistance of 1833.5. Short-term target - support (liquidity zone) 1810.5. Medium-term goal - support 1780.
Sincerely, R. Linda!
After the fall, a rollback is formed, there is a strong resistance level 1833.5 ahead.
I suppose that the fall of gold may continue, it all depends on how the price behaves relative to the resistance of 1833.5. Short-term target - support (liquidity zone) 1810.5. Medium-term goal - support 1780.
Sincerely, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
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NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.