GOLD → Range 2365-2400. Will the price continue to grow?

18 Apr

XAUUSD is trying to consolidate above 2365. This area is an intermediate bottom and plays an important role for the bulls in the medium term. The range of 2365-2400 is being formed.

Idea of Apr. 16: GOLD → There's no limit to the bulls' activity. Support retest


In general, everything is the same, but after a strong rally, the price makes a small stop and starts to enter liquidity zones more often, which has not happened for 2-3 weeks. Apparently, the energy is exhausted and the market maker starts to collect liquidity from the market with the help of traps. Gold is still trading above key support levels and looks strong enough to test or even renew the global high



Resistance levels: 2395, 2400, 2430
Support levels: 2365, MA-200, trend support

The price is testing MA-200 and forming a false breakdown of 2365. The market reduces volatility and goes into the waiting phase before the news, the growth may continue either after the support retest or at the breakout of 2380.

Regards R. Linda!

18 Apr

Catatan

Consolidation phase.
The price is neither up nor down for the time being

19 Apr

Trading ditutup: target tercapai

The target was reached and also the price formed a retest of 2418