Gold in consolidation, the bulls still control the support
1) As I said before, the price has entered the 1777 area and cannot go lower, we see a strong support line 2) Price is aiming for resistance at 1784. Consolidation for a possible breakout is forming. 3) The trend is ascending. 4) Price has reached the liquidity zone of 1777, a false breakdown and forms a bullish set-up. 5) The target opens at 1798.
The price tends to resistance at 1784, if it breaks through, I will wait for a consolidation above the level to buy. My target will be the 1798 zone (resistance zone, peak of the volume profile, liquidity zone)
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