GOLD ! Testing zone 1690. Will there be a rollback?🙈

GOLD has fallen from the global peak by almost 18%, which is a very strong move. From the 1800 mark, the chart shows a strong distribution without any long-term consolidations, and there is a strong liquidity zone 1690 ahead, I think that at this mark the distributive movement will end and the price will either go into a consolidation phase or a sharp pullback will form.

There is a support zone on the chart, formed from February 2020, below which the price could not pass earlier.

My guess is that zone 1689 can be tested but not broken and we might see a rollback. My mid-term target is 1747 resistance.

Sincerely, R. Linda!