RLinda ! GOLD-> Rollback to Resistance. What next?

٢٠ أكتوبر ٢٠٢٢

GOLD Technically and fundamentally the situation has not changed for the last day. As I pointed out in the last idea, fundamentally the metal is losing interest from long-term and medium-term investors.

The price forms a technical pullback after a bounce from the 1622 level and returns to the resistance zone for a possible retest.

I expect a tap or false-break test of the resistance zone, which will be followed by a fall of the price on the trend.
The short-term target is support at 1622
Medium-term target - the support line of the current price channel

Regards, R. Linda!