the gold short term

٨ يوليو ٢٠٢٢

Gold has continued its decline from the peak, and now has a strong support around 1700. MACD shows that it has deviated, and a long-term consolidation has formed at 1700. The averages have begun to match up, which is also a bullish arrangement, forming another strong support. The amount of energy falling is relatively large, and recently the amount of energy began to shrink, the shape of K line is also a small entity, this is an obvious form of the main bottom suction. Expect a rebound to 1770 in the short term