GOLD ! Continuing to rise after the pullback😎

٥ أغسطس ٢٠٢٢

GOLD is trading in a local uptrend channel. Earlier the price was able to break the global downtrend and move into an uptrend phase.

On the chart, we can see that the price breaks the resistance of 1780, as I said earlier. And after the breakdown, the price forms a pullback.

The key area to watch and find an entry point into a long position is the level of 1780.5

I suppose that after the pullback the price will be able to rise from the level of 1780, the short-term trend target is resistance 1809

Regards R. Linda!