RLinda ! GOLD-> The price breaks resistance. The bulls are stron

24 Jan 2023

Gold shows us a hint of a medium-term outlook. The price is tearing up, breaking through several key resistances and probably targeting 1978 in earnest.

Key points marked on the chart: triangle, main upward channel. Price is tearing up relative to these figures, in the process of forming a new channel. The price is moving into the long zone relative to the 1935 level. I expect price to finally consolidate in the long zone (a retest of the 1935 level is possible as a false breakout) and we will see momentum after this phase.

I expect the bulls will be able to hold the 1935 zone and continue to push the price higher. The short-term target is the resistance of 1952, the medium-term target is the liquidity zone of 1966.

Regards to R. Linda!R