👑 Ideas For XAUUSD / GOLD
📈 GOLD → Consolidation 2010-2018. What can happen?
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#XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution.
📈 GOLD → Consolidation 2010-2018. What can happen?
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#XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution.
On D1 we can see that the leading asset, in our case it is the DXY, is testing support, which may trigger a correction to local resistance, which will have a corresponding effect on the slave asset (gold may also start a correction within this range).
The trend is bullish, moving averages and key levels support this direction, there is no sense to talk about any medium-term and long-term sales now.
The market within the consolidation will form a lot of opportunities to gather as much liquidity as possible before further movement in one or another direction. Consequently, border touches, false breakdowns and long shadows can be formed relative to the 2018-2010 range (consolidation). But this is not the only scenario.
A breakdown is possible with a quick retest with reduced volatility. In the long term, we should wait for a breakout of resistance.
Support levels: 2010, 2007, 2004, 2000
Resistance levels: 2018, 2020, 2022
I expect consolidation within the range with the subsequent breakout of resistance, which can happen after a correction or after a quick retest of 2018
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#XAUUSD 👑
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The trend is bullish, moving averages and key levels support this direction, there is no sense to talk about any medium-term and long-term sales now.
The market within the consolidation will form a lot of opportunities to gather as much liquidity as possible before further movement in one or another direction. Consequently, border touches, false breakdowns and long shadows can be formed relative to the 2018-2010 range (consolidation). But this is not the only scenario.
A breakdown is possible with a quick retest with reduced volatility. In the long term, we should wait for a breakout of resistance.
Support levels: 2010, 2007, 2004, 2000
Resistance levels: 2018, 2020, 2022
I expect consolidation within the range with the subsequent breakout of resistance, which can happen after a correction or after a quick retest of 2018
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
🗣 Top FOREX Broker 🌟
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅