GOLD ! False breakout of support and pullback 😼

GOLD enters the phase of consolidation after the strongest fall on the background of the news. The price was able to break through the downward channel and, after fixing the price below the level, was able to reach our target - support 1724.17.

The price is testing the support with a false breakout and the further development of the situation is interesting, since a liquidity zone begins to form above the resistance zone of 1751.7 and I think that the price may rise.

I suppose the price will fix after a false breakout of support at 1724 and a rollback to resistance (liquidity zone) at 1751.7.

Sincerely, R. Linda!