GOLD ! Medium term

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!

🤩I trade with a major player, I know where his orders are

💪🏽Average profit on crypto ➕2️⃣0️⃣0️⃣0️⃣% per month

💪🏽Average Forex profit ➕2️⃣5️⃣0️⃣0️⃣ pips per month

😎I know all the traps of a market maker

📲My telegram https://bit.ly/3MzgvhH

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.