🏅GOLD - Consolidation above 2019 will determine further growth
Gold returns to the key range of 2019-2048. False breakdown and price consolidation above support is likely to give us further gains
TA on the high timeframe:
1) Global trend continues
2) Local false breakout of resistance, but at the same time, buyers have returned some of the decline
TA on low timeframe:
1) Price returns to range
2) Consolidation of price above 2019 support forms
3) If bulls hold price above the level, gold will strengthen to 2030 and possibly to 2048
Key support: 2019, 2010
Key resistance: 2029, 2040, 2048
TA on the high timeframe:
1) Global trend continues
2) Local false breakout of resistance, but at the same time, buyers have returned some of the decline
TA on low timeframe:
1) Price returns to range
2) Consolidation of price above 2019 support forms
3) If bulls hold price above the level, gold will strengthen to 2030 and possibly to 2048
Key support: 2019, 2010
Key resistance: 2029, 2040, 2048
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