๐ฅGOLD - The global correction in the form of a โ๏ธ may be over
GOLD when breaking through the trend resistance on the D1 and W1 chart enters the phase of realization of the accumulated potential. The liquidity area interesting for the market is around 1930 and around 1950. The lower area is tested and the upper area gets the "liquid" accolade
TA on the high timeframe:
1) Bearish trend resistance breakout
2) The market forms an impulse
3) The liquidity area of 1930 pushes the price away
TA on the low timeframe:
1) Breakout of sideways range resistance
2) Market acquires a formal support line. The area is still weak and the market may test nearby support before further gains
3) Local trend is changing.
Key support๐: 1930, 1928.5
Key resistance๐: 1948
TA on the high timeframe:
1) Bearish trend resistance breakout
2) The market forms an impulse
3) The liquidity area of 1930 pushes the price away
TA on the low timeframe:
1) Breakout of sideways range resistance
2) Market acquires a formal support line. The area is still weak and the market may test nearby support before further gains
3) Local trend is changing.
Key support๐: 1930, 1928.5
Key resistance๐: 1948
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