✴️ GOLD Daily timeframe. March 21
Gold makes a false-break. The reversal bar activates a technical pullback to the 1959 level.
1) The trend is bullish, the price stopped near the level of 1998.
2) At the moment we see that the price is between the 1959 and 1998 levels. The support has not been tested yet.
3) The price can go up from the level of 1959 for the retest of 1998.
4) In the near future we should focus on 1959, which is the only strong support level that can give an adequate reaction.
5) Indicators: moving averages are acting as support, we see green trend in the macd and increase in the dynamics of the signal lines. Daily RSI is correcting in the oversold area and may form a signal in the near future, but be sure to keep an eye on the price.
6) Short-term potential 1959, maybe 1907. Medium-term potential 1998, then 2070. Long-term potential 2100.
1) The trend is bullish, the price stopped near the level of 1998.
2) At the moment we see that the price is between the 1959 and 1998 levels. The support has not been tested yet.
3) The price can go up from the level of 1959 for the retest of 1998.
4) In the near future we should focus on 1959, which is the only strong support level that can give an adequate reaction.
5) Indicators: moving averages are acting as support, we see green trend in the macd and increase in the dynamics of the signal lines. Daily RSI is correcting in the oversold area and may form a signal in the near future, but be sure to keep an eye on the price.
6) Short-term potential 1959, maybe 1907. Medium-term potential 1998, then 2070. Long-term potential 2100.
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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