Gold gives us a hint for growth, A stop in the 1870 zone and a break of the local resistance can promise a rise to the strong 1900 zone, what to expect from the price?
Gold is coming out of a consolidation. There are similarities with the scenario from early January. The price breaks through the 1879 line and forms a momentum, testing the high of 1886. There is a chance that gold will soon make a pullback to the previously broken line. The price gets support from MA-50 and breaks through the bollinger line, which might also be a signal.
I expect the price consolidation in the long zone (above the area of 1880 with the following continuation of growth to the base of the uptrend - support 1900
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.