GOLD may correct from 2720
GOLD on the background of high economic risks is rising breaking through the barriers and realizing consolidation in the rally. The price is heading towards a strong liquidity zone, which is quite capable of stopping such a strong growth, which is now forming.
Scenario: All eyes are on 2721. A false breakout or consolidation below the level (reasons for a rebound) could trigger a correction to 2688 (0.5 fibo), or to the base of the broken ascending channel.
Scenario: All eyes are on 2721. A false breakout or consolidation below the level (reasons for a rebound) could trigger a correction to 2688 (0.5 fibo), or to the base of the broken ascending channel.
Trade closed: target reached
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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.