RLinda ! GOLD-> Bears increase their potential!

٣١ أغسطس ٢٠٢٢

GOLD is performing well against the resistance of the global price channel and we are seeing strong bearish momentum.

The price breaks through the 1720 level with momentum and I expect a pullback to this level to test it, after which the fall may continue.

We have a global downtrend, as well as a number of negative world news are bad for the price.

I suppose that from the level of 1720, the fall might continue and the price has two liquidity zones ahead - 1698 and support 1681.

Regards R. Linda!