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TheDarkEconomist
Aug 20, 2022 3:14 PM

Gold Backtest Incoming - Then Price Rise Long

GOLD (US$/OZ)TVC

Description

Some TA regardingf the price of Gold.

A local double bottom of the price, doubling as part of a bigger, overal, more sustained, back test from the April 19 breakout.
Also to test strong support at 1680 and the rising orange trend / breakout line.

If it survives, it could trigger the beginning of a local bull run.

If not, a fall down to 1500 could be in play.

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