Gold-Tech

🥇GOLD - Range resistance is the target

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold updates the high to 1874. Yesterday I pointed out the bullish pattern - the market is in the realization phase and gives us a 150pips rise, but we haven't reached the target yet


TA on the high timeframe:
1) Strong bullish trend continues. Against the background of the crisis in the world, the interest in gold is only increasing
2) The medium-term target has not been reached yet. The growth will continue

TA on the low timeframe:
1) A small pullback may follow before jumping to 1877.7.
2) After reaching 1877.7, I expect a false breakdown followed by a decline, most likely to the support of the mentioned range - 1857.
3) Short-term target is 1877, then 1857. And what will happen next, we will follow the price reaction to these zones.

Key resistance📈: 1877.7
Key support📉: 1866, 1857

All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔

FREE TELEGRAM:

🌹 Telegram channel: t.me/Go1dTech

😍 My contact: t.me/GoldTech
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.