The global trend is bullish, with gold undergoing a local correction. The price is attempting to avoid the liquidation zones located below.
The fourth retest of the trend resistance over the past two weeks is forming.
Regarding the current situation, gold is consolidating near the resistance level of 3329, a break of which could trigger growth.
Buyers are interested in gold due to the current geopolitical circumstances...
Scenario: If the bullish pattern remains intact and gold stays within the 3329-3315 range and continues to move towards resistance, another retest of 3329-3330 could lead to a breakout and growth.
The fourth retest of the trend resistance over the past two weeks is forming.
Regarding the current situation, gold is consolidating near the resistance level of 3329, a break of which could trigger growth.
Buyers are interested in gold due to the current geopolitical circumstances...
Scenario: If the bullish pattern remains intact and gold stays within the 3329-3315 range and continues to move towards resistance, another retest of 3329-3330 could lead to a breakout and growth.
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❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.