✴️ GOLD Daily timeframe. February 28
Gold is sticking to the development of the situation to achieve short targets. There are no set-ups on the chart for the expected counter-trend pullbacks.
1) A consolidation is forming near the support level of 1809
2) The trend is bearish
3) The price failed to test resistance 1821, there is strong bearish leverage
4) Fundamental factors influence the futures negatively
5) Price entered a tight range of 1821-1786, resistance is tested, the target is support
1) A consolidation is forming near the support level of 1809
2) The trend is bearish
3) The price failed to test resistance 1821, there is strong bearish leverage
4) Fundamental factors influence the futures negatively
5) Price entered a tight range of 1821-1786, resistance is tested, the target is support
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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