GOLD ! Price consolidation in the long zone. Rising? 🎢

٩ أغسطس ٢٠٢٢

GOLD is trading in a local support zone between the levels of 1787.4 from January 2021 and 1780.5 from November 2021.

We can see on the chart that the price continues to fight for this zone after breaking the global downtrend. At the moment, all indications are that the uptrend could continue if no force majeure occurs.

The trend lines relative to the price channel show the support zone and I assume that from this zone and after the price fixes in the long zone relative to the horizontal levels the price can show growth. The key short-term target is the resistance and liquidity zone 1809.39

Regards R. Linda!