✴️ GOLD Daily timeframe. February 8
Gold continues to recover, but at a very slow pace. Most likely the crowd is trying to sell, but the market maker is pulling the price up.
1) The risk zone for buying is 1900. If the price goes above this zone, a huge amount of buying is activated again.
2) The market is still bullish.
3) A false-break-down of the 1869 level sets up an upside movement.
4) The price is still in the correction phase and is in the range between 1900 and 1870, only after the exit from the range it is possible to speak about some medium-term targets
I think that in the near future the price will be in a consolidation movement with low volatility.
1) The risk zone for buying is 1900. If the price goes above this zone, a huge amount of buying is activated again.
2) The market is still bullish.
3) A false-break-down of the 1869 level sets up an upside movement.
4) The price is still in the correction phase and is in the range between 1900 and 1870, only after the exit from the range it is possible to speak about some medium-term targets
I think that in the near future the price will be in a consolidation movement with low volatility.
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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