Gold reacts to the retest of the support area (the base of the "Double Bottom" pattern). There is a reasonable reaction in the form of a bullish momentum of 160 pips. What to expect next?

Most likely, price is clamped in a sideways range of 1915-1890, and after such a strong move, price may bounce from the upper boundary and form a new pullback.
In the range, price moves sideways and trades between the boundaries.
I am looking at a breakout of resistance in the medium term. The subsequent rise after the breakout could be towards 1960.
I expect gold to be in consolidation for some time. A small pullback could form from resistance, presumably to 1900-1905. But if resistance breaks through 1915, I would expect a rally to 1925 - 1940.
Regards, R.Linda!

Most likely, price is clamped in a sideways range of 1915-1890, and after such a strong move, price may bounce from the upper boundary and form a new pullback.
In the range, price moves sideways and trades between the boundaries.
I am looking at a breakout of resistance in the medium term. The subsequent rise after the breakout could be towards 1960.
I expect gold to be in consolidation for some time. A small pullback could form from resistance, presumably to 1900-1905. But if resistance breaks through 1915, I would expect a rally to 1925 - 1940.
Regards, R.Linda!
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Penerbitan berkaitan
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.
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Penerbitan berkaitan
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.