RLinda ! GOLD -> Review for the new week

28 ส.ค. 2022

GOLD: As we can see on the chart, the gold was able to change the global bearish trend and on the retest (price pullback) we saw confirmation of the upward price channel.

On Friday the price was able to make a false break of the support zone at the close, after which the price returns to the channel and closes above the trend line.

I assume that if the situation since the opening of the trading session persists and the gold manages to stay above the support zone, we will have a huge upside potential. Short-term target - resistance 1752, medium-term target - resistance 1784.

Sincerely R.Linda!