Gold is testing the 1908 resistance with a false breakout. Looking for a pullback
1) The price tests the resistance and makes a false-break. Statistically, strong movements occur after false-breaks.
2) The price has been trading in a strong uptrend for a long time, the technical pullback is coming.
3) I assume that after the false-breakout the price can roll back to the nearest liquidity zone, which is below 1890
If the price returns under the uptrend line (black line), gold could fall to the 1894 level
1) The price tests the resistance and makes a false-break. Statistically, strong movements occur after false-breaks.
2) The price has been trading in a strong uptrend for a long time, the technical pullback is coming.
3) I assume that after the false-breakout the price can roll back to the nearest liquidity zone, which is below 1890
If the price returns under the uptrend line (black line), gold could fall to the 1894 level