Gold has gained $188, or almost 12%, since the beginning of November. The price is tending to the resistance 1807 and also possibly to 1822 (Fibo 2.618), behind which there is a huge amount of liquidity.
The energy of the strong growth continues to deplete and I expect a pullback in the near future. The trend is ascending, but at the same time the price is approaching the resistance zone. The pullback will be expected either from 1807 or from 1822. The purpose of the pullback will be the support of 1786 and 1765.
Regards R.Linda!
The energy of the strong growth continues to deplete and I expect a pullback in the near future. The trend is ascending, but at the same time the price is approaching the resistance zone. The pullback will be expected either from 1807 or from 1822. The purpose of the pullback will be the support of 1786 and 1765.
Regards R.Linda!
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Rolling back the price of 250 pips