DeGRAM | GOLD consolidation
GOLD has reached major resistance. It is consolidating at the resistance level.
The market decelerated while approaching the consolidation zone following a retset of the support, which may lead to a pullback.
Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the resistance, creating new highs.
If price pulls back to the support level, we expect a bullish move to retest the resistance.
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The market decelerated while approaching the consolidation zone following a retset of the support, which may lead to a pullback.
Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the resistance, creating new highs.
If price pulls back to the support level, we expect a bullish move to retest the resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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