GOLD ! Rollback to Support. The scenario repeats itself!😼

١٨ أغسطس ٢٠٢٢

GOLD trades in a wide global range between 2070 and 1689.38 and now after the third bearish momentum ends and after a false break-down of the lower boundary of the range, it rallies to 1810 and reverses to support 1747.7.

The situation can develop multifaceted, but the assumed scenario is that the price can repeat the movement from December 2020 and form an impulse by the end of the year to the previously tested 2070 level.

It is worth paying attention to further development of the situation regarding support 1747.7, if the price tests and fixes above the level, there are all chances of growth to the upper border of the trading range - 1862.9.

Regards R. Linda!