RLinda ! GOLD-> Consolidation above the lvl will give the target

20 Şub 2023

Gold on the daily chart hints at the end of the correction and the formation of a set-up, which might herald the recovery of the lost growth.

The price breaks through the strong level of 1843.37 and there is only to wait for the bulls to hold this position, in which case the futures will open the way for a breakdown of the channel resistance and a recovery to the area of 1865 and 1900.

I assume that after the price consolidates above 1843, followed by its breakthrough of the channel resistance, there will be a quite active growth to the previously mentioned targets: 1865 and 1900

Regards, R. Linda!