🥇 GOLD How long will the recovery last?

Gold forms the local resistance level of 1835, after a false break-down there is no fall and the price presses the limit line

1) This consolidation format tells us about a possible breakthrough of the 1835 area and growth of the price towards 1850
2) From the point of view of the fundamental analysis, today is a hard day, so trade carefully!
3) Statistically a strong growth should be followed by a pullback of half or more, but in our case the pullback is not deep and the price constantly comes back to the resistance (R) - dynamic buyers are trying to break through the limit area.
4) The local trend is bullish and the price rather confidently recovers
5) When the pattern breaks, we should expect the price consolidation below the ascending support line, in this case the price can go to the 1820 area