RLinda ! GOLD-> False breakdown or correction?

17 Feb 2023

Gold renews the local minimum again. The downward movement continues, BUT....

The price has tested the priority liquidity zone 1825-1830 and starts to form a rebound. The signal for a possible pullback or strengthening of the price will be a consolidation above the liquidity zone

I expect the formation of a false breakdown and consolidation above 1830 in order to get an estimate for a possible strengthening of the price. The short-term target is 1840 and 1848

Regards R. Linda!

18 Feb 2023

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