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๐ฅGOLD - The bull market is ready to strengthen further
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 support๐: 1877
Key resistance๐: 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 support๐: 1877
Key resistance๐: 1885, 1890, 1900
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