GOLD continues its upward path. The price breaks through 1877 and consolidates above the level, which gives the market new upside potential to 1900
TA on the high timeframe:
1) The dollar index is in a falling phase, which gives gold upside potential
2) Gold failed to reach an important target and thus will continue its rise
TA on low timeframe:
1) Breakout of 1877 and consolidation above the level gives us a signal
2) Potential for a new high is forming.
3) I am waiting for growth and reaching 1900 in the medium term.
Key support📉: 1877
Key resistance📈: 1885, 1890, 1900
TA on the high timeframe:
1) The dollar index is in a falling phase, which gives gold upside potential
2) Gold failed to reach an important target and thus will continue its rise
TA on low timeframe:
1) Breakout of 1877 and consolidation above the level gives us a signal
2) Potential for a new high is forming.
3) I am waiting for growth and reaching 1900 in the medium term.
Key support📉: 1877
Key resistance📈: 1885, 1890, 1900
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Trading Tips💡
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FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech