🥇 Gold Will We Keep The Trend? 🥇

🥇 Gold Will We Keep The Trend?

🥇 Nearest strong support zone: around the 0.236 level of the upward wave.

🥇 Nearest strong resistance zone: around recent highs.

🥇 Technical environment:

- Moving averages: Uptrend

- MACD: Downtrend

- RSI: Uptrend

🥇 Price action: after such increases it is time for these increases to cool down for a while, analyzing the market more deeply I do not expect the trend on gold to be reversed in the near future, so far there are not many signs that would indicate the possibility of a trend reversal.

🥇 The scenario I'm playing out is to wait for the downward correction to end, and watch to see if the price will move towards the upside. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🥇 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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