๐ฅ GOLD - Growth will continue after the breakout of 1929
On the senior timeframe we see a stop after a strong distribution. This may last until the price breaks the resistance of 1929. At this point, consolidation and a retest of resistance is forming
TA on the high timeframe:
1) The bullish trend is strong
2) The area of 1929-1932 stops us from further growth.
TA on the low timeframe:
1) Price is consolidating. Growth is formed from the support 1913
2) Retest of resistance can be accompanied by both rebound and breakout.
3) The signal for a rebound will be a false breakout, and the signal for further growth will be a breakout and consolidation above 1929.
Key resistance ๐ 1929
Key support ๐ 1914
TA on the high timeframe:
1) The bullish trend is strong
2) The area of 1929-1932 stops us from further growth.
TA on the low timeframe:
1) Price is consolidating. Growth is formed from the support 1913
2) Retest of resistance can be accompanied by both rebound and breakout.
3) The signal for a rebound will be a false breakout, and the signal for further growth will be a breakout and consolidation above 1929.
Key resistance ๐ 1929
Key support ๐ 1914
โค๏ธ Telegram channel: t.me/AndeWave
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