RLinda

GOLD ! Growth after a false breakout. Shake-up and fall 🤡

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is trading near the support of the sideways range after yesterday's false breakout. The price has entered the liquidity zone and from the support side this zone has lost its relevance, I think that a major player has the potential to make a shake-up.

I think that an attempt to break down the downward resistance is possible, as there is a potential for gold to grow after consolidating above the level of 1808.3.

I assume that before a further strong fall, we can see an attempt to restore the price. I am waiting for a slight increase to the local resistance zone of 1835 (or to local peaks)

Sincerely, R. Linda!

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