RLinda ! GOLD-> The price continues to recover. What's next?

13 Eyl 2022

GOLD I pointed to the resistance level of 1732.3 yesterday, which is worth paying attention to. The price makes a false break-through of the range resistance and forms a shallow pullback, after which the price returns to the retest.

I pointed to the formation of the pattern double bottom, I believe that the buyers' goal is the possible testing of the strong trend line, above it - the liquidity zone and a large density of orders.

I assume that in the near future we may see a breakthrough of resistance. It is worth paying attention to how the price will behave near resistance. I expect a pre-breakdown consolidation with the subsequent exit of the price upwards. The short-term target is resistance 1765.

Regards R. Linda!