RLinda

GOLD ! Two scenarios. What will happen to the gold?🤯

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD took everyone by surprise yesterday in a local situation. A strong sudden news background had a negative impact on the metals market.

But globally, I previously indicated that in the medium term the price will fall to support and liquidity zone below the level of 1780

Now on the chart the price is trading in the liquidity zone and I have outlined two scenarios.

  • The red scenario implies the entry of the price into a long zone and consolidation above the level of 1769.8 and growth to the resistance zone of 1800
  • The blue scenario implies a fall from the level after fixing below it to the target of 1751 (strong liquidity zone)

Sincerely, R. Linda!

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