✴️ GOLD Daily timeframe. March 20
Gold is making a retest of the 1998 level. On the back of the banking crisis, the price jumped from 1800 to 1900 in a few days.
1) False breakout of 1998. The price can bounce back to 1959.
2) The trend is strong, indicating that the rise will continue in the medium term and could reach as high as 2070 and as high as 2100
3) It is acceptable to use two strategies for trading - buying on a breakdown of 1998 and buying on a rebound from 1959
4) I think that the level of 1998 will stop the strong growth for some time. The price can go into consolidation, but soon the growth will continue after breaking through the level of 1998
5) Medium-term outlook: growth up to 2070 and up to 2100
1) False breakout of 1998. The price can bounce back to 1959.
2) The trend is strong, indicating that the rise will continue in the medium term and could reach as high as 2070 and as high as 2100
3) It is acceptable to use two strategies for trading - buying on a breakdown of 1998 and buying on a rebound from 1959
4) I think that the level of 1998 will stop the strong growth for some time. The price can go into consolidation, but soon the growth will continue after breaking through the level of 1998
5) Medium-term outlook: growth up to 2070 and up to 2100
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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