🥇GOLD - Price breaks through the bulls' barriers
Gold falls from 1928.5 and reaches support in my scenario. We have taken the target. At this point, while the market is forming a sideways range, price may form a bounce from 1908 before falling further.
TA on the high timeframe:
1) Important target is 1907.6. The market is looking to test this area
2) Price passes one of the key liquidity areas, the next leg is 1900
TA on the low timeframe:
1) Price is inside flat
2) Support at 1912 is broken
3) Price on retest of 1908 may form a rebound to 1912-1915 but in the long term we should expect further decline
4) If 1908.4 is broken, the price will head towards 1901.
Key resistance📈: 1912, 1915
Key support📉: 1908.1901
TA on the high timeframe:
1) Important target is 1907.6. The market is looking to test this area
2) Price passes one of the key liquidity areas, the next leg is 1900
TA on the low timeframe:
1) Price is inside flat
2) Support at 1912 is broken
3) Price on retest of 1908 may form a rebound to 1912-1915 but in the long term we should expect further decline
4) If 1908.4 is broken, the price will head towards 1901.
Key resistance📈: 1912, 1915
Key support📉: 1908.1901
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