GOLD ! The price repeats the 2020 scenario. Target 1688 👽

10 lug 2022

GOLD creates the following situation:

I marked on the chart:

• The range from which the price went down
  
• The range is smaller than the price returned to (was formed in April 2020.
  
• Phases of formation of impulse waves (the scenario is repeated as in 2020
  

We see the strongest drop from the same 2070 resistance level that gold tested against the backdrop of major economic news, then we see a drop in the value of the metal according to the same scenario that was in 2020.

I suppose, since we are in the phase of the formation of the third impulse wave, that is, it makes sense to consider the price drop from the resistance of 1747.72 to the strongest liquidity zone under the level of 1688.

Sincerely, R. Linda!