The most interesting thing is that three times in a row the US market received fundamentally bullish news. The
At the moment the price of gold is heading to the resistance of the ascending channel, from here two scenarios can develop:
- 1) False breakout may lead to a pullback, within which the price may break through 2031.8. Consolidation below this level will continue the correction phase and within the descending channel the price may head towards 2016
- 2) False breakout will form a small correction to 2030-2031. But, the fundamental background will play its role and the price will start forging resistance retests for a breakout. Breakout of downside resistance and 2038.9 level is a signal and price consolidation above these areas will be confirmation
Support levels: 2031.8, 2025
Resistance levels: MA-200, 2038.9
I think that the chance is higher towards the resistance breakout than towards further decline. We follow the price reaction beyond the mentioned zone and wait for confirmation of one or another scenario to open trades
Regards R. Linda!
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
The U.S. and Great Britain, jointly conducting an operation against the Houthis in Yemen.