RLinda

GOLD ! Price under strong downward resistance 🥶

Short
RLinda Premium Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold continues to trade sideways between 1866 - 1810.5. Downward resistance is forming on the chart from the maximum peak formed in March. The price previously tested this resistance with local false breakouts, but the move continued under the pressure of the trend.

Let me remind you that gold has an open liquidity zone below 1780, I expect that the price may reach this zone in the near future.

I guess, since in a local situation the price is under downward resistance, and the global trend is falling, I expect a false breakdown of this resistance level with a subsequent fall. The short-term target is support for the 1810.5 range.

Sincerely, R. Linda!
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