RLinda

GOLD ! Rollback to range. What will happen next? 🙀

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is excellent and behaves quite predictably. I said that the price would fall, but the instrument did not reach the important liquidity zone, but only tested the local minimum that was formed on May 16, after which we saw a rollback to the border of the previously broken range.

I assume that the level of 1811.5 plays the role of resistance and the market will fight for this place, that is, if the price can fix above the level, there is a great chance that the price will go to test the downward resistance of the channel, if the price fixes below the level, which I expect, then there will be a fall. Short term target - support 1799.1

Sincerely, R. Linda!

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