RLinda ! GOLD-> The price is still in the range. What's next?

29 thg 11, 2022

Gold behaves predictably relative to my previous idea
There is a rebound from the channel support and a continuation of the move in the range

As we can see the price goes from the channel support to 1765, but again, the movement is not consolidated, the absence of pre-break consolidation around the level does not give the chance to expect the exit of the price from the range, so my main priority is waiting for the price to form the reversal from 1765 to 1750(1745) again.

I assume that the price will be able to form a pullback from 1765. The signal for this will be a false breakout or a rebound from the zone. The subsequent consolidation below the level of 1765 will send the price down.
BUT! Also, keep in mind that many factors influence the gold. If the level of 1765 will be broken through and the bulls will strengthen their positions above this level, we will have the potential to move towards 1780, 1795, 1807.

Regards R.Linda!