GOLD → Retest 2010. The price is getting ready for something
Updated
Gold is moving into a consolidation phase between 2025 and 2010 after a strong rally. A false break of the support has a positive effect on the price. What to expect from the metal next?
The gold is near the support area of the uptrend channel, and the target is potentially a resistance area.
The trend is bullish and therefore we have a positive momentum for buying.
A break-up of the resistance at 2025 and the price consolidation above that level will allow the gold to continue strengthening towards 2050 and 2070.
Strong support: 2010 (false-break-down strategy), 2000
Strong resistance: 2025 (break-down strategy), 2050 and 2070
In the medium term I expect continuation of price growth. The key level for transaction opening can be 2010 or 2025, everything depends on your skills in trading different strategies.
The short-term goal is to break through 2025 and rise to 2040. Medium term target is 2050 and 2070.
Regards R. Linda!
The gold is near the support area of the uptrend channel, and the target is potentially a resistance area.
The trend is bullish and therefore we have a positive momentum for buying.
A break-up of the resistance at 2025 and the price consolidation above that level will allow the gold to continue strengthening towards 2050 and 2070.
Strong support: 2010 (false-break-down strategy), 2000
Strong resistance: 2025 (break-down strategy), 2050 and 2070
In the medium term I expect continuation of price growth. The key level for transaction opening can be 2010 or 2025, everything depends on your skills in trading different strategies.
The short-term goal is to break through 2025 and rise to 2040. Medium term target is 2050 and 2070.
Regards R. Linda!
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You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
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🔴Contact:
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