RLinda

GOLD ! Consolidation in the short zone. Are we falling? 😶‍🌫️

Short
OANDA:XAUUSD   Or / Dollar Américain
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!

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