GOLD makes a false breakout
Gold. A false break-down of 1784 might push the price down. But...
1) Yesterday we saw the price fixing at 1775 and rising to the target
2) Price did not consolidate above 1784.
3) Daily analysis showed the potential for a possible break-up of the level up
4) The pullback may end up in the zone of 1775, 1780 (near the moving average).
5) High probability of the near resistance 1784 formation on the uptrend with its subsequent breakdown.
I expect breakdown of resistance 1784 and growth. Target is 1803
1) Yesterday we saw the price fixing at 1775 and rising to the target
2) Price did not consolidate above 1784.
3) Daily analysis showed the potential for a possible break-up of the level up
4) The pullback may end up in the zone of 1775, 1780 (near the moving average).
5) High probability of the near resistance 1784 formation on the uptrend with its subsequent breakdown.
I expect breakdown of resistance 1784 and growth. Target is 1803
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Feragatname
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