✴️ GOLD Daily timeframe. January 25
False breakout of local resistance 1935 could send the price to 1903
1) The price forms a local range between 1935 and 1903, and from the resistance the price can go towards support
2) Price cannot rise all the time, it needs to rest and consolidate energy
3) RSI daily is in the oversold area, the crowd is waiting for pullback
4) False breakout of resistance is made, consolidation under the level is formed
5) We should expect the formation of correction to 1903 in the near future
1) The price forms a local range between 1935 and 1903, and from the resistance the price can go towards support
2) Price cannot rise all the time, it needs to rest and consolidate energy
3) RSI daily is in the oversold area, the crowd is waiting for pullback
4) False breakout of resistance is made, consolidation under the level is formed
5) We should expect the formation of correction to 1903 in the near future
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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