🥇 GOLD - Bounce off support. The bullish trend continues
GOLD is recovering at the retest of the support of 1932. The news background favorably influences the price of metal.
During the rally, the market breaks the level of 1962 and apparently heads towards 2000
Prerequisites for further growth:
1) Bullish trend
2) Favorable fundamental background
3) Price consolidation above previously broken resistance
4) After retesting 1970, price does not fall, returns to the retest and forms a consolidation above this area.
5) A channel is opened for price to move towards 1980-1990 and 2000.
Key support: 1970, 1962
Key resistance: 1985, 2000
During the rally, the market breaks the level of 1962 and apparently heads towards 2000
Prerequisites for further growth:
1) Bullish trend
2) Favorable fundamental background
3) Price consolidation above previously broken resistance
4) After retesting 1970, price does not fall, returns to the retest and forms a consolidation above this area.
5) A channel is opened for price to move towards 1980-1990 and 2000.
Key support: 1970, 1962
Key resistance: 1985, 2000
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