🥇 GOLD Out of the range and a possible retest of the local high

2023年3月9日

The XAU forms a retest of the area of interest from the 1819 resistance. I assume that the previous false-break did not reach the necessary liquidity and thus the price can go up to 1825 or 1828 (0.382 Fibo)

1) Local rise, no update of the local lows
2) Fast retest of resistance - a signal to a possible breakout and price growth
3) There is a probability of a possible pullback towards the strong trend line (left lower chart)

I expect that after the break-through of the area of interest the price will go to the local maximum of 1824, and then to the area of interest 1828, but in the short-term outlook I will wait for the pullback from 1828 to 1820

2023年3月9日

交易進行