✴️ GOLD Daily timeframe. February 14
Gold updates the local low and is in a consolidation phase.
1) The price after Monday's bearish candlestick forms a pullback to the 1869 area.
2) The local trend is bearish.
3) The price has not yet overcome the local resistance levels, so we can talk about buying.
4) The 1869-1870 area may negatively affect gold and push it down.
5) Gold is in the 1869-1824 channel, with downside potential to 1824
1) The price after Monday's bearish candlestick forms a pullback to the 1869 area.
2) The local trend is bearish.
3) The price has not yet overcome the local resistance levels, so we can talk about buying.
4) The 1869-1870 area may negatively affect gold and push it down.
5) Gold is in the 1869-1824 channel, with downside potential to 1824
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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