RLinda ! GOLD-> The price breaks resistance. The bulls are stron

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold shows us a hint of a medium-term outlook. The price is tearing up, breaking through several key resistances and probably targeting 1978 in earnest.

Key points marked on the chart: triangle, main upward channel. Price is tearing up relative to these figures, in the process of forming a new channel. The price is moving into the long zone relative to the 1935 level. I expect price to finally consolidate in the long zone (a retest of the 1935 level is possible as a false breakout) and we will see momentum after this phase.

I expect the bulls will be able to hold the 1935 zone and continue to push the price higher. The short-term target is the resistance of 1952, the medium-term target is the liquidity zone of 1966.

Regards to R. Linda!R



You ❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.