🥇GOLD - The flat continues. Price strengthens to resistance
Gold is testing sideways range support and forming a rebound. The nearest level breaks and the price forms a momentum.
TA on the high timeframe:
1) the bearish price channel is still relevant. Consolidation is forming after a false breakdown of resistance
2) The price is in a sideways range. On Friday, gold is likely to continue trading inside the
TA on the low timeframe:
1) A touch of range support forms a rebound. The price is not ready to leave the flat yet
2) Market sentiment is bearish and there is no bullish news at the moment
3) The price may grow up to 1922 within the range
Key support📉: 1910.
Key resistance📈: 1922
TA on the high timeframe:
1) the bearish price channel is still relevant. Consolidation is forming after a false breakdown of resistance
2) The price is in a sideways range. On Friday, gold is likely to continue trading inside the
TA on the low timeframe:
1) A touch of range support forms a rebound. The price is not ready to leave the flat yet
2) Market sentiment is bearish and there is no bullish news at the moment
3) The price may grow up to 1922 within the range
Key support📉: 1910.
Key resistance📈: 1922
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