RLinda

GOLD ! Medium Term. Rollback. Growth.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold in the medium term. At the end of last week, on the news, gold is testing the support of 1825 (which is the upper limit of a strong flat. After that, the price rises with a strong impulse and breaks through the resistance of 1869. The session closes by closing the price above this level.

If the price can hold above this level, then growth is possible, but since the move from the support of 1825 was distributive, I don't think there is enough energy to continue the growth.

I assume that the price will go under the resistance level of 1869 and roll back to the support zone, and after that, having accumulated enough energy, it will continue its growth to the medium-term goal I have indicated - resistance zone 1913

Sincerely, R. Linda!

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