GOLD reaches a strong resistance level and stops. Most likely, the stop will be temporary to accumulate volumes before further growth
TA on high timeframe:
1) Dollar weakness gives new potential for gold
2) The market is showing a strong bullish trend
TA on low timeframe:
1) False breakout, retest and consolidation of price below 1984 shows a possible pullback
2) I am waiting for a decline to 1953
3) After correction the growth will continue
Key resistance: 1984
Key support: 1953
TA on high timeframe:
1) Dollar weakness gives new potential for gold
2) The market is showing a strong bullish trend
TA on low timeframe:
1) False breakout, retest and consolidation of price below 1984 shows a possible pullback
2) I am waiting for a decline to 1953
3) After correction the growth will continue
Key resistance: 1984
Key support: 1953
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Trading Tips💡
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