RLinda ! GOLD-> Bulls Celebrate CHRISTMAS and Pressure Sellers

Gold shows quite positive dynamics at the end of the calendar year 2022. Since November, the price showed a very intensive stage of recovery and made a rally of 12.6%.

On the chart, the trend change is clearly visible. It is worth paying attention to the ascending triangle. The price is in a consolidation phase. This pattern is interpreted as: the pressure of dynamic buyers on the limit resistance zone, which the sellers are trying to hold. Numerous breakout attempts, which turn out to be a false-break, only accelerate the energy buildup for the breakout.

In the medium term I expect a continuation of the onslaught on the given 1807-1810 zone, and if the situation does not change, the zone will be broken through. Our targets in the medium term will be the resistance zone 1845-1855. In the long-term prospect - 1920-1935.

Merry Christmas!
Regards R.Linda!

Trade active

Trade active

Trade active

Trade active