Gold, after two weeks of consolidation, rushes up to 1869 resistance. But before that, the price is testing 1857, will the price stop here?
1) The price forms momentum after the consolidation. This is what I have been pointing out for the last two days
2) Distributive movement is directed towards the main target - 1857-1869 zone
3) The price breaks the maximum of the volume profile, if the price consolidates under the level of 1857, it will be a false break and the price will go down
4) the global trend is bullish, but the distributive movement often finishes with a technical pullback
1) The price forms momentum after the consolidation. This is what I have been pointing out for the last two days
2) Distributive movement is directed towards the main target - 1857-1869 zone
3) The price breaks the maximum of the volume profile, if the price consolidates under the level of 1857, it will be a false break and the price will go down
4) the global trend is bullish, but the distributive movement often finishes with a technical pullback
❤️ Telegram channel: t.me/AndeWave
Disclaimer
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.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
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.