Gold-Tech

đŸ„‡GOLD - False break of channel resistance

Kort
OANDA:XAUUSD   Guld / USA-dollar
Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level.

TA on the high timeframe:
1) The trend is still bearish, price is under strong resistance
2) Price is discovering a new range. But if price consolidates below 1930, a bearish potential will form


TA on the low timeframe:
1) A bullish wedge is forming. A breakout of the figure's boundaries will form a strong impulse
2) The price inside the ascending price channel makes a false breakdown of resistance
3) The price after the false breakdown may form a correction to the support.
4) Breakout of 1938.915 will give a buy entry point
Breakout of 1930 will give a sell entry point

Key support📉: 1930
Key resistance📈: 1938.915

All about GOLDđŸ„‡
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔

FREE TELEGRAM:

đŸŒč Telegram channel: t.me/Go1dTech

😍 My contact: t.me/GoldTech
FrÄnsÀgelse av ansvar

Informationen och publikationerna Àr inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av rÄd eller rekommendationer som tillhandahÄlls eller stöds av TradingView. LÀs mer i AnvÀndarvillkoren.