Gold. Day timeframe. 1 December
1) Gold breaks through the resistance of 1765, yesterday's daily candlestick closes under the high of the day.
2) From the opening the price continues to rise and reaches 1768.23. The bullish momentum ends.
3) Ahead is resistance at 1786 and the 1786-1802 range, which by volume density does not carry the key significance
4) In the last three days, gold has most likely squandered its upside potential. Ahead is resistance at 1786, behind which there is an empty density of volumes.
5) A pullback from 1786 is possible to accumulate energy. Gold could go into consolidation between 1786 and 1765
1) Gold breaks through the resistance of 1765, yesterday's daily candlestick closes under the high of the day.
2) From the opening the price continues to rise and reaches 1768.23. The bullish momentum ends.
3) Ahead is resistance at 1786 and the 1786-1802 range, which by volume density does not carry the key significance
4) In the last three days, gold has most likely squandered its upside potential. Ahead is resistance at 1786, behind which there is an empty density of volumes.
5) A pullback from 1786 is possible to accumulate energy. Gold could go into consolidation between 1786 and 1765
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