GOLD ! Gold review for the coming trading week😎

14 Ağu 2022

Gold. On the chart I marked the ascending price channel. We can see that the price made a false-break of the level of 1787.4 and also the support of the uptrend channel, after which a strong bullish momentum appears, which confirms that the growth will continue. Friday closes in its highs.

Since the price forms a range between the levels 1809.4 and 1787.4, I suppose that after the false breakdown of the range resistance we might see a pullback, but in the mid-term the price should continue growing.

On the chart there is an important zone for the price - resistance of 1865.7. I suppose that is where the price can go.

Regards R. Linda!