GOLD is consolidating following a bounce off the support.
It made a new extension by breaking the previous resistance and closing above it.
The market is creating the AB=CD pattern as a pullback.
We expect a pullback and continuation opportunity at the support level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
It made a new extension by breaking the previous resistance and closing above it.
The market is creating the AB=CD pattern as a pullback.
We expect a pullback and continuation opportunity at the support level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
The market bounced off the significant support level.
Price is most likely to break the channel, test the channel border, and make a new extension.
We anticipate a retest of the major resistance and a complete AB=CD pattern on the hourly chart.