RLinda

GOLD ! Medium term

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold after testing the resistance of 2070 starts to fall strongly. There was a stop at 1913 when everyone thought the strong advance would continue, but the price pulled back to the 1972 resistance and made a false break. The fall continues and finally a new stop at around 1775.
The price makes a false breakout of the support zone and returns to the rising channel . The trading session closes above the opening zone of the last trading day.

I assume that since the price has returned to the ascending channel , this means that buyers remain dominant in this market. In the short term, I'm interested in the resistance of 1869.1, and in the medium term - 1913.5. We expect gold to rise, and I'm waiting for gold to open tomorrow.

Sincerely, R. Linda!

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