🥇 GOLD False breakdown and retest 1870

The gold rests on the key support, and a false-break and the retest of the 1870 area could send the price up again.

1) It is a false-break of the strong support at 1870.
2) The retest is formed and if the price does not break through it, there is a chance for growth
3) The price is in the 1902-1870 range
4) There are local resistance levels, which are worth being oriented towards - 1879, 1886, 1893, 1897.
5) The strong fall can be stopped by the 1870 area only if the bulls hold the area on the retest.
6) The trend is still bullish

We wait for consolidation above the 1870 area for a possible buy signal.