🥇 GOLD Range Formation. Technical pullback phase

Gold starts with a new bullish potential after it breaks through the resistance area at 1840-1845. But, a false-break-down of the high at 1856 will take the price down to the area of interest

1) The price goes below the 0.236 Fibo, most likely the asset corrects to the 0.5 area, below which there is a liquidity zone
2) It is possible to open a low-risk sell from the 1851 area
3) The global trend is bullish, the local trend is bullish
4) The potential after the retest of the area of interest remains behind the local maximum and is the 1858 zone
5) To trade on the trend it is necessary to wait for the testing of one of the levels 0.382 Fibo, 0.5 Fibo or the 1842 area of interest.

Before buying, it is better not to hurry, but to wait for the final testing of the liquidity area (it is either a touch or a false-break, followed by consolidation)