GOLD 240The price breaks through the local resistance of 1821, from this level the price can continue to rise to 1858 or retreat to the support zone , but it will still be within the accumulative range. In the medium term, a breakout of resistance at 1858 could take the price to the 1900 mark.
My guess is that gold will be in the accumulation phase for a long time, but at the moment the bulls are ruling the market and they continue to dominate the situation, which means it is worth considering long scenarios. I expect the price to start rising either from the channel support or from the level of 1821. The short-term target is resistance at 1858
Regards,FARHAD
