✴️ GOLD Daily timeframe. February 7
Gold fell below the 1869 area, but a price stop and a pullback allows waiting for a bullish retracement and growth towards 1890 and 1900.
1) Yesterday's session closes below the 1869 level, but the price is not falling, a pullback is forming.
2) The price is trying to consolidate above the 1869 level.
3) Gold may rise above 1890 if it consolidates above 1869
4) A strong distributive decline could pull back, a pullback could occur to the 1900 area (strong broken support)
5) The trend is still bullish, for the moment we consider this move as a correction
1) Yesterday's session closes below the 1869 level, but the price is not falling, a pullback is forming.
2) The price is trying to consolidate above the 1869 level.
3) Gold may rise above 1890 if it consolidates above 1869
4) A strong distributive decline could pull back, a pullback could occur to the 1900 area (strong broken support)
5) The trend is still bullish, for the moment we consider this move as a correction
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❤️ Telegram channel: t.me/AndeWave
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