🥇 GOLD The price is trying to strengthen above the 1870 area
Gold on the retest holds the 1870 area, the price returns to the 1900-1870 range.
1) If the price holds above the support, it could recover to 1900 in the near future
2) The price is in a wide sideways channel
3) A "Triangle" pattern is forming near support, which could become a reversal pattern
4) The trend is still bullish.
5) Gold is in a consolidation phase after the fall. Statistically, strong falls, which occur on empty volume, also recover quickly
I expect consolidation between triangle resistance and the 1870 area. A breakdown of the triangle resistance B-D could generate momentum towards 1883, and after a pullback, the price could head towards the 1900 area
1) If the price holds above the support, it could recover to 1900 in the near future
2) The price is in a wide sideways channel
3) A "Triangle" pattern is forming near support, which could become a reversal pattern
4) The trend is still bullish.
5) Gold is in a consolidation phase after the fall. Statistically, strong falls, which occur on empty volume, also recover quickly
I expect consolidation between triangle resistance and the 1870 area. A breakdown of the triangle resistance B-D could generate momentum towards 1883, and after a pullback, the price could head towards the 1900 area
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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