🥇 GOLD - Growth will continue after the breakout of 1929

2023년 10월 17일

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 📈 1929
Key support 📉 1914