The gold rests against the 1890 resistance, making a false-break and making another retest, after which the price cannot renew the local maximum, which suggests the pressure on the price from the above.
1) The price is in a new range (local 1890 - 1873) (global 1890 - 1862) and from here there is a probability of forming a correction to support.
2) The global and local trend is upward. It is worth giving preference for buy signals
3) Several scenarios are marked on the chart and all of them are related to the 1890 area. Either a breakout and growth, or a pullback to 1873 or 1862.
4) We are interested in the price reaction in the form of consolidation above or below the mentioned area, which will be a signal for a possible order opening
I expect a pullback from 1890 as a priority, but the price can form a pressure on the level like an ascending triangle, and in this case there will be a chance to break through the mentioned area
1) The price is in a new range (local 1890 - 1873) (global 1890 - 1862) and from here there is a probability of forming a correction to support.
2) The global and local trend is upward. It is worth giving preference for buy signals
3) Several scenarios are marked on the chart and all of them are related to the 1890 area. Either a breakout and growth, or a pullback to 1873 or 1862.
4) We are interested in the price reaction in the form of consolidation above or below the mentioned area, which will be a signal for a possible order opening
I expect a pullback from 1890 as a priority, but the price can form a pressure on the level like an ascending triangle, and in this case there will be a chance to break through the mentioned area
❤️ Telegram channel: t.me/AndeWave
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
❤️ Telegram channel: t.me/AndeWave
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.