Gold, after pulling back from its highs by 7%, is ready to renew its ATH. How did we find this out?
Pay attention to the key level. In total there were 3 touches of this level and 1 time it was a false break, and the other 2 times there was a collection of traders' stop-losses and the price could not even close below key level.
This indicates that the big player is defending the price and we should expect a serious rise.
After the false breakout of the trend line, there is a high probability that the price will pull back, but after the squeeze under the trend line, we expect a breakout and a new ATH in the near future.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trad
Pay attention to the key level. In total there were 3 touches of this level and 1 time it was a false break, and the other 2 times there was a collection of traders' stop-losses and the price could not even close below key level.
This indicates that the big player is defending the price and we should expect a serious rise.
After the false breakout of the trend line, there is a high probability that the price will pull back, but after the squeeze under the trend line, we expect a breakout and a new ATH in the near future.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trad
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