✴️ GOLD Daily timeframe. March 6
Gold opens without a gap, but close to a strong resistance level.
Friday's closing candle in its highs keeps the potential for the price to continue its upward move.
1) The trend movement continues as part of last week's rally.
2) BUT, price is in the 1858 - 1821 range, hence, there is a possibility of a pullback from 1858 resistance.
3) The local and global trend is bullish, the price overcomes local resistance levels
4) The mid-term prospect is preserved in the framework of growth up to 1900
5) Fundamental factors are on the side of buyers
6) The price rebounds from MA-200 support and breaks through MA-50 resistance, which may hint at faster growth
Friday's closing candle in its highs keeps the potential for the price to continue its upward move.
1) The trend movement continues as part of last week's rally.
2) BUT, price is in the 1858 - 1821 range, hence, there is a possibility of a pullback from 1858 resistance.
3) The local and global trend is bullish, the price overcomes local resistance levels
4) The mid-term prospect is preserved in the framework of growth up to 1900
5) Fundamental factors are on the side of buyers
6) The price rebounds from MA-200 support and breaks through MA-50 resistance, which may hint at faster growth
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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