RLinda ! GOLD-> The pressure on gold is still present

2023년 2월 21일

The gold did not break through the 1843 resistance and it made a double false-break (1843 and the 50 SMA), and it is going down.

At the moment, the futures are trading in the 1843 and 1818 range. Earlier, the price tested the resistance and the target is now 1818.9
The 50-hour moving average has not provided enough support for the metal and after the retest the price keeps moving towards the support.

I expect a breakout of the 1830 level and a drop of the price to the liquidity area around 1818-1815 and an immediate test of the strong rising support line

Regards to R. Linda!