Gold. Day timeframe. December 5, 2022
1) The price got to the level of 1802.18 and makes a false-break
2) Today's candlestick updates Thursday and Friday's highs, but drops down rapidly, forming a pin bar on an unclosed bar.
3) Gold is in a range between 1802-1786. It is logical to expect a pullback to support 1786
4) RSI indicates a bearish signal
5) The medium-term outlook looks bullish. A short-term pullback will only allow the big players to re-enter at a better price.
6) The potential in the medium term remains the same - the liquidity zone 1840-1860
1) The price got to the level of 1802.18 and makes a false-break
2) Today's candlestick updates Thursday and Friday's highs, but drops down rapidly, forming a pin bar on an unclosed bar.
3) Gold is in a range between 1802-1786. It is logical to expect a pullback to support 1786
4) RSI indicates a bearish signal
5) The medium-term outlook looks bullish. A short-term pullback will only allow the big players to re-enter at a better price.
6) The potential in the medium term remains the same - the liquidity zone 1840-1860
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