GOLD is trading under a downtrend channel between 1725 and 1690. Earlier, the price formed a local low towards the support and the liquidity zone at 1690, but it failed to reach a few tens of points and turned around, which usually hides a market maker's trap.
On the chart, we can see that the price tested the pullback resistance at 1724.2 and it went back down to 1707
I assume that the fall of the price will continue, as there is still a current liquidity zone below. The short-term target is support at 1690.
Sincerely R. Linda!
On the chart, we can see that the price tested the pullback resistance at 1724.2 and it went back down to 1707
I assume that the fall of the price will continue, as there is still a current liquidity zone below. The short-term target is support at 1690.
Sincerely R. Linda!
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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