RLinda ! GOLD-> Is distribution over? A rebound after FB?
Updated
Gold reaches the first important mark of 1858, but the resistance zone, tentatively, stops the distributive movement. There might be a technical pullback phase.
Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840, 1820 zone
I expect that after a strong rise, gold may weaken a bit. After the end of the consolidation under 1858, I expect the price to fall. The first target is 1840, the second target is 1821.
Regards to R. Linda!
Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840, 1820 zone
I expect that after a strong rise, gold may weaken a bit. After the end of the consolidation under 1858, I expect the price to fall. The first target is 1840, the second target is 1821.
Regards to R. Linda!
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