GOLD has been in a downtrend for a long time. Earlier, the price made a false break of the support 1690, after which a change of the local trend to the uptrend is formed.
On the chart, we can see that the price is trading in a wide range between 1750 and 1690. At the moment a struggle of the participants for the level of 1724.07 is forming and I am waiting for the price to consolidate above the level, for the subsequent growth.
I assume that the price will be able to consolidate in the long zone relative to the level of 1724 and continue to grow. The short-term target is resistance 1750, the medium-term target is resistance 1780.5
Regards R.Linda!
On the chart, we can see that the price is trading in a wide range between 1750 and 1690. At the moment a struggle of the participants for the level of 1724.07 is forming and I am waiting for the price to consolidate above the level, for the subsequent growth.
I assume that the price will be able to consolidate in the long zone relative to the level of 1724 and continue to grow. The short-term target is resistance 1750, the medium-term target is resistance 1780.5
Regards R.Linda!
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(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.