🥇 GOLD - Structure break forms bullish momentum
Gold receives fundamental support. And a break of 2050 resistance gives the market technical support. The price forms an impulse and heads towards 2065, which is a primary target, but not the main one. The primary target will be 2075
The nearest resistance may provoke a small correction to local (on M5) support lines before further growth to 2075.
Prerequisites for further growth:
1) breakthrough of local structure (resistance)
2) Formed impulse from the support limit area above Thursday's high
3) Fundamental component supports gold
4) Bulls are getting active on the back of the falling dollar
5) Liquidity and interest area - 2065.6 - 2075.4
The nearest resistance may provoke a small correction to local (on M5) support lines before further growth to 2075.
Prerequisites for further growth:
1) breakthrough of local structure (resistance)
2) Formed impulse from the support limit area above Thursday's high
3) Fundamental component supports gold
4) Bulls are getting active on the back of the falling dollar
5) Liquidity and interest area - 2065.6 - 2075.4
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