🥇GOLD - Growth may continue after a pullback

2023년 10월 16일

GOLD is starting a correction since Monday morning. The pullback reaches one of the local supports and apparently ends. A reversal point is formed and the market resumes the target as 1940



TA on the high timeframe:
1) The unidirectional trend with DXY coincides. THAT tells us that there is a strong fundamental influence on the market
2) The global target is not reached, the growth will continue after overcoming the local resistance zones.

TA on low timeframe:
1) False breakdown of local support 1913-1914
2) Consolidation of the price above this area will give us an entry point
3) Target 1935, 1940, 1945

Key resistance📈: 1933
Key support📉: 1913-1914