🥇 GOLD Technical rollback after FB. Expect a rise
Gold after a false breakdown of resistance forms a technical pullback and the price is testing support 1980.
1) The trend is upward. Therefore, after a technical pullback, we should look for patterns to buy.
2) The level of 1980 may play a key role for this
3) Risk area: 1967. If the price goes below this, it will go even lower
I expect a rise in the near future. At the moment the price is testing the support of 1980 by a false breakdown. After the false break-down it is worth waiting for the consolidation above the level in order to open an order
1) The trend is upward. Therefore, after a technical pullback, we should look for patterns to buy.
2) The level of 1980 may play a key role for this
3) Risk area: 1967. If the price goes below this, it will go even lower
I expect a rise in the near future. At the moment the price is testing the support of 1980 by a false breakdown. After the false break-down it is worth waiting for the consolidation above the level in order to open an order
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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