🥇 GOLD - News ahead. I'm waiting for growth from the support
GOLD continues to consolidate near the ascending channel support. With news ahead, I expect a retest of the support in the form of a false breakout, which could be followed by a rise towards the 2005-2020 side.
Prerequisites for further upside:
1) The news may be weak for the US market, which will be positive for gold
2) Retest of channel support - logical reaction is a rebound
3) False breakout is possible, price consolidation above the support will form potential and a buy signal.
Key support: 1984, 1977
Key resistance: 2000
Prerequisites for further upside:
1) The news may be weak for the US market, which will be positive for gold
2) Retest of channel support - logical reaction is a rebound
3) False breakout is possible, price consolidation above the support will form potential and a buy signal.
Key support: 1984, 1977
Key resistance: 2000
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