✴️ GOLD Daily timeframe. February 21
Gold is in the green zone relative to the uptrend line. Consequently, the market is still dominated by a bullish contingent
1) The price is in the local range of 1843-1824. A pullback to the support and to the strong trend line is forming - a chance to open a profitable order
2) The price is still in the correction phase, overcoming the level of 1843 may be the first signal for the bullish trend restoration
3) In the near future we should expect the retest of 1825 area, there we may look for a convenient entry point.
4) It is worth paying attention to the volume profile indicator. Price in the area of maximum volume is a heavy zone
The medium-term potential is still for the bulls, we are watching the price reaction on the retest of the 1825 area
1) The price is in the local range of 1843-1824. A pullback to the support and to the strong trend line is forming - a chance to open a profitable order
2) The price is still in the correction phase, overcoming the level of 1843 may be the first signal for the bullish trend restoration
3) In the near future we should expect the retest of 1825 area, there we may look for a convenient entry point.
4) It is worth paying attention to the volume profile indicator. Price in the area of maximum volume is a heavy zone
The medium-term potential is still for the bulls, we are watching the price reaction on the retest of the 1825 area
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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