RLinda ! GOLD-> Retest of MA-50 resistance. When to fall?

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Gold continues to decline. The price is testing the 1850 area, but the bulls in the correction phase continue to resist. What to expect from the price?

RLinda ! GOLD-> Consolidation for fall. What is the target?


Price is strengthening from the 1850 area and testing the 50-hour moving average.
The MA-200 and MA-50 indicate a local bearish trend within the descending price channel.
Above is a strong area of liquidity around 1865-1870, price may react to this area of resistance in a bearish manner.
Open potential for price weakening to 1848, 1830 area

I expect the testing of Ma-50 as a false-break or 1865-1870 resistance area and further price reaction in the form of falling. Short-term target - support of 1848, medium-term - liquidity zone 1830.

Regards R.Linda!
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