GOLD ! Price pullback scenario from the 1780 level. Falling?😈

GOLD within the local uptrend channel after a false breakdown of the strong 1690 liquidity zone breaks the old downtrend upwards, which opens new analysis possibilities.

On the chart, I have marked a strong istoric level of 1780.5, which the price has already tested and is now forming a retest.

I suppose that there might be a small pullback from the level, it is important to wait for a false-break and fixation of the price under 1780.5. My medium-term target is the border of the support area, but local lows can also be considered.

Regards R. Linda!

Trade active

Trade closed: target reached:

False breakdown scenario. 100% completion✅
Result: +252 pips✅😎