📈GOLD 08/01/2022: $1770 resistance❗️
📈Priority direction: Up.
📝Description: Buyers recovered significantly over the previous week (+3.25%) and this success will be consolidated as much as possible, as expected. However, at the moment the price is near the resistance in the area of $1770 and most likely the buyers will not be able to pass it right away. We assume that the price will approach this level in the near future, there may even be a slight upward impulse, but with a high degree of probability it will be a "false breakdown" and the price will still return under $1770.
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📝Description: Buyers recovered significantly over the previous week (+3.25%) and this success will be consolidated as much as possible, as expected. However, at the moment the price is near the resistance in the area of $1770 and most likely the buyers will not be able to pass it right away. We assume that the price will approach this level in the near future, there may even be a slight upward impulse, but with a high degree of probability it will be a "false breakdown" and the price will still return under $1770.
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