🥇GOLD - Range resistance is the target

11 окт. 2023 г.

Gold updates the high to 1874. Yesterday I pointed out the bullish pattern - the market is in the realization phase and gives us a 150pips rise, but we haven't reached the target yet



TA on the high timeframe:
1) Strong bullish trend continues. Against the background of the crisis in the world, the interest in gold is only increasing
2) The medium-term target has not been reached yet. The growth will continue

TA on the low timeframe:
1) A small pullback may follow before jumping to 1877.7.
2) After reaching 1877.7, I expect a false breakdown followed by a decline, most likely to the support of the mentioned range - 1857.
3) Short-term target is 1877, then 1857. And what will happen next, we will follow the price reaction to these zones.

Key resistance📈: 1877.7
Key support📉: 1866, 1857