GOLD → What can the resistance retest lead to?

XAUUSD makes a predictable false breakout. After a liquidity grab and a surge in volume, the price makes a return to the range and rallies to resistance. What could happen in the 1965 area?

GOLD → Broken strong support. Bears are gaining strength


A weak dollar could be an advantage for gold and allow it to overcome strong resistance
A false breakout is forming. The bulls hold the price above the 1939 level. After the liquidity absorption, a rally is formed, which could continue if the price breaks through triangle resistance.
A consolidation above the line would be a signal. But again, the said resistance line is a strong zone and could quite easily push the price down to 1939. We need to watch the price reaction to the resistance

תמונת-בזק

MA50 is support and MA200 is resistance
Support levels: 1939, 1952
Resistance levels: 1965, triangle resistance

I expect gold may try to break the resistances. From this attempt one of two scenarios can develop - growth after breakout or false breakout and fall to 1939.

Regards to R. Linda!
Chart PatternsForexfuturesGC1! (Gold Futures)GoldTechnical IndicatorsrlindasignalsTrend AnalysisXAUUSD

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