RLinda ! GOLD -> There is bullish potential in the market

25 Ağu 2022

GOLD: We see the change of the global trend from downtrend to uptrend, as well as we timely determined the formation of the global uptrend channel and the points where you can look for a convenient entry into the market. We can say with a degree of probability that the market is in an uptrend and expect further growth.

On the chart you can see how the price breaks through the resistance, turning them into support and forming a strong momentum.

I assume a continuation of the rise in the price of gold. The nearest short-term target is resistance 1784.38, and the medium-term target is the level, which the price did not reach on August 10 - resistance 1809.4

Regards R. Linda!