RLinda ! GOLD-> Support retest. Time to buy?
Gold is in an upward range, the price continues to form a consolidation. The price continues to test the 1807 level, making a false break and going down to the upward channel support.
Price is in the support zone, forming a false break and consolidation in the long zone. The bulls are consolidating above the line and heading for resistance at 1807.
I assume price will stay between resistance 1807 and channel support, forming a triangle for some time. A resistance break could send price to 1820, 1840 and after that to 1858.
Regards to R. Linda!
Price is in the support zone, forming a false break and consolidation in the long zone. The bulls are consolidating above the line and heading for resistance at 1807.
I assume price will stay between resistance 1807 and channel support, forming a triangle for some time. A resistance break could send price to 1820, 1840 and after that to 1858.
Regards to R. Linda!
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