R.Linda Trading - forecast

Trading signals for #GOLD → The price may continue to rise, but only after...

GOLD Forecast
👑 Ideas For XAUUSD / GOLD

📈 GOLD → The price may continue to rise, but only after...

➖ ➖ ➖ ➖ ➖

#XAUUSD continues to consolidate inside the 1984-1964 range. The correction and consolidation will end when one or another range boundary is broken, but my opinion is that resistance may be broken ;)
On the senior timeframe, we can see that the price is bumping into a strong resistance. If we abstract from all the fundamental horrors and analyze only technical analysis, then in this case the price from resistance could head towards the global range support - approximate area 1920-1900. But, since we have a geopolitical crisis related to the wars in the Middle East and Eastern Europe, it is likely that gold, when retesting one of the important supports, and I have indicated them on the main chart, could again head upwards, testing the range resistance for a breakout.

At the moment, gold has an increased interest, as everyone considers it a safe asset in unstable times and money from the whole market is smoothly flowing into the metal.

On H1 I pointed out the local correction and important support levels: 1964, 1953. The price may test them by a false breakout before further growth

Resistance levels: 1977.5, 1984, channel resistance

Support levels: 1964, 1953

I expect the continuation of consolidation with the subsequent retest of resistance, breakout of the line and growth to 2000

➖ ➖ ➖ ➖ ➖



🟡 How do I join the VIP🔅

Join the VIP channel 🟢

🗣 Top FOREX Broker 🌟


💬 My Contact - Ask Linda✅️

💻 Web - RLinda.com