🥇GOLD - A flat is formed. Probable rebound from resistance

26 ก.ค. 2023

Gold tends to rise as high as possible. But! Data will be published soon, most likely the market may be preparing for a rate hike.

TA on a high timeframe:
1) A surge in volumes may force the price to test the resistance of 1984. A false breakdown is possible even when bad news is published
2) The area of liquidity that the market is primarily interested in is around 1978-1985, and then the one around 1950

TA on a low timeframe:
1) A retest of 1973 can lead to an impulse to 1983.
2) It is difficult to say what the result will be in terms of the rate and inflation, so the market may shake up a lot tonight.
3) In priority, since the situation is worse than neutral, the price may weaken against the background of a rate hike and a strengthening dollar.

Key Resistance📈: 1973, 1983
Key Support📉: 1963