🥇 GOLD False support breakdown. The priority is growth.
Gold goes below the key point of 1783.4, which is a kind of liquidity pool. Since the price is in consolidation, the price will be between such zones. The next potential target is 1798.
1) Gold makes a false break of 1784.78, a strong support zone
2) Price is testing upward channel support
3) The potential for growth towards the channel resistance is open
4) The price is in consolidation, so we should not expect strong moves in the nearest future
5) 1784 is a good level to buy gold
1) Gold makes a false break of 1784.78, a strong support zone
2) Price is testing upward channel support
3) The potential for growth towards the channel resistance is open
4) The price is in consolidation, so we should not expect strong moves in the nearest future
5) 1784 is a good level to buy gold
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