🥇GOLD - Target 1900. Possible pullback from resistance
GOLD is actively strengthening. At the moment the cost is 1890 and this is not the limit for today's session. We are interested in the mentioned resistance, will gold be able to reach it?
TA on the high timeframe:
1) Both gold and the dollar are strengthening, but how long will this tandem be accompanied by an overall direction?
2) There is no important news today, but gold is supported by the fundamentals and will continue to rise further
TA on the low timeframe:
1) Price has updated the high from 1885 to 1890. Target 1901
2) A pullback from 1900 is likely to follow before further upside.
3) Our task is to find strong support levels so that it is safe for SL to buy.
Key resistance📈: 1901
Key support📉: 1885, 1877
TA on the high timeframe:
1) Both gold and the dollar are strengthening, but how long will this tandem be accompanied by an overall direction?
2) There is no important news today, but gold is supported by the fundamentals and will continue to rise further
TA on the low timeframe:
1) Price has updated the high from 1885 to 1890. Target 1901
2) A pullback from 1900 is likely to follow before further upside.
3) Our task is to find strong support levels so that it is safe for SL to buy.
Key resistance📈: 1901
Key support📉: 1885, 1877
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