🥇 GOLD The price returns to the support of 1900. Consolidation
Gold continues to stand still. Weekly chart - tough consolidation
Daily chart - a reason to be nervous
1) There's a reversal set-up forming on the weekly chart.
2) The daily chart is bearish in a consolidation
3) The price has a wide range on the hour chart, it hasn't yet tested the strong support
4) It starts to form a pullback after the breakdown of 1921 zone
5) I think, that in the nearest future the price will grow to the area of 1921-1930 (density peak and liquidity zone), and then the price can go down
6) No need to get nervous until the price goes beyond 1900
The price will consolidate between 1921(1930) and up to 1900 for a while
Daily chart - a reason to be nervous
1) There's a reversal set-up forming on the weekly chart.
2) The daily chart is bearish in a consolidation
3) The price has a wide range on the hour chart, it hasn't yet tested the strong support
4) It starts to form a pullback after the breakdown of 1921 zone
5) I think, that in the nearest future the price will grow to the area of 1921-1930 (density peak and liquidity zone), and then the price can go down
6) No need to get nervous until the price goes beyond 1900
The price will consolidate between 1921(1930) and up to 1900 for a while
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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