🥇 GOLD is fading before the 1803 level. Waiting for a breakout.
Gold continues to strengthen and also shows us the presence of bulls in the market.
1) The price is in an ascending channel, the range has two support lines (strong and weak).
2) Prices form a pullback to resistance from the support area, and we can assume that the price starts consolidation
3) I expect gold to slowly approach resistance, pullback and form retests. (Pay attention to the pattern below)
4) In the medium term, I expect the price to go above 1803 and rise to 1820.
It is possible to buy from the channel support or from the level of 1803, after the price has consolidated above this level
1) The price is in an ascending channel, the range has two support lines (strong and weak).
2) Prices form a pullback to resistance from the support area, and we can assume that the price starts consolidation
3) I expect gold to slowly approach resistance, pullback and form retests. (Pay attention to the pattern below)
4) In the medium term, I expect the price to go above 1803 and rise to 1820.
It is possible to buy from the channel support or from the level of 1803, after the price has consolidated above this level
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