RLinda ! GOLD-> Retest of strong support. What to expect next?

22. März 2023

Gold is returning to the formal price channel and testing a strong support line that starts back in 2022. At the moment the price is squeezed in the 1948-1929 range, what next?

The price is in a strong uptrend and the technical pullback we are seeing is a common occurrence. After the strong growth the price can stay in the consolidation format for quite a long time. Locally, I believe that we have a chance to see the price recovery to the area of 1980, while the price is within the ascending range.

I expect that from the level of 1948, the price can go down to 1929 for a final retest, but in the medium term, the rise can continue to 1980 - 2000.
BUT, if the price will break up 1948 and consolidate above the level, but the growth will happen much faster.

Regards to R. Linda!

22. März 2023

Trade ist aktiv

23. März 2023

Trade ist aktiv