RLinda ! GOLD ! Potential bull trend

٢٤ أغسطس ٢٠٢٢

Gold. Earlier, as I said, in the correction format, we saw price confirmation of the support zone of the upward price channel. We have a wide price channel at the moment, which opens new boundaries for us.

On the chart we can see that the price forms a strong momentum from the support zone 1733 and after the retest breaks through the resistance 1752.5. With the possible fixation of the price above the resistance level of 1752.5, there are all chances of growth to the level of 1784.38.

I assume that this resistance breakout can be true and form a good upside potential for us. Short-term target is the resistance level of 1784.38.

Regards to R.Linda!