RLinda

GOLD ! Testing level 1833.5. Where will price go next?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold tried to consolidate above the level of 1833.5. On yesterday's idea, I said that there could be a rollback from the rising level. There was a rollback and even the price was able to make a false breakout of local peaks. in the 1840 zone. But could not reach the resistance range, since between 1833.5 - 1866.5. very difficult zone, where there is a high density of players.

In a global perspective, I continue to expect gold to fall, as the instrument has an open liquidity zone below the 1780.5 level. A major player will not just leave her.

I assume that the price may fall a little if it goes under the level of 1833.5. and form a consolidation below the level. Short-term target - large range support - 1810.5

Sincerely, R. Linda!

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