GOLD ! Price rollback. What to expect next?🥵

18 Jul 2022

GOLD is forming a small pullback after testing the price of 1700. On the previous idea, I marked the level of 1690, to which the price did not reach a little, but the price is trading in the zone where the fall is supposed to end.

I expect that from the resistance of 1724.2 the price may form another downward impulse to the liquidity zone of 1690, and after it already form a rollback.

I expect the price to fall from the level of 1724 to the support of 1690, but on one condition, if the price makes a false breakout of 1724 and consolidates below the level. The medium-term goal is support for 1690.

Sincerely, R. Linda!