RLinda ! GOLD-> Price is testing support. What's next?
Gold is falling toward channel support after the release of the Federal Reserve data. The price is momentarily falling by 2%.
The strong distributive movement is towards range support and the support zone of the price channel. I think there is a high probability of a bounce from strong support with this drop. The price may make a false break of the channel support and test the level of 1765, but the global trend is still bullish
I expect a test of the support zone and consolidation above the level with the subsequent strengthening of gold towards 1807. The nearest short-term target is 1790.
Regards to R. Linda!
The strong distributive movement is towards range support and the support zone of the price channel. I think there is a high probability of a bounce from strong support with this drop. The price may make a false break of the channel support and test the level of 1765, but the global trend is still bullish
I expect a test of the support zone and consolidation above the level with the subsequent strengthening of gold towards 1807. The nearest short-term target is 1790.
Regards to R. Linda!
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.