GOLD breaks through all support levels with a strong movement and reaches a deep liquidity zone below 1725. The price has broken down the descending channel, thereby accelerating its fall. Gold does not reach the level of 1724 a bit and enters a consolidation phase under the descending channel.
On the chart, we see a test of the downward channel support from below, that is, this line is already playing the role of resistance.
I suppose that from this resistance we can see a fall. It is important that gold consolidates in the short zone. Short-term target for the asset - liquidity zone 1724.17
Sincerely, R. Linda!
On the chart, we see a test of the downward channel support from below, that is, this line is already playing the role of resistance.
I suppose that from this resistance we can see a fall. It is important that gold consolidates in the short zone. Short-term target for the asset - liquidity zone 1724.17
Sincerely, R. Linda!
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NO‼️
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