GOLD ! Testing the liquidity zone. Possible rollback😎

Jul 21, 2022

GOLD has been in a global downtrend since testing global peak 2070.

On the chart we see a strong price channel and a distributive movement from the resistance zone. The price has almost reached the liquidity zone.

I think a false break of support 1690 and a liquidity grab is possible, after which a surge in volume and a strong pullback are possible.

I assume that the price will test the level of 1690 by a false breakdown, after which it can form a pullback to resistance. The key zone is the resistance area of 1724.

Regards R. Linda!

Jul 21, 2022

Note

+250 pips in moment ✅😎

False breakout of the liquidity zone, and, as I said, strong momentum after the setup.

Jul 22, 2022

Note

+390 pips in moment. Great idea✅✅🤩🤩