✴️ GOLD Daily timeframe. March 13
Gold is forming a local bottom near the 1800 support zone. Positive fundamental data in the second half of the previous week pushes the price up, forming a rally
1) The futures end the correction in the 1800 area.
2) The bullish trend resumes.
3) It opens the potential for growth to 1960
4) Breakout of the strong level 1876 and consolidation above it opens a new potential for an upside movement to 1900, then to 1925
5) In the near term, the price may move into consolidation (approximate range 1890-1860) to accumulate energy before further growth.
6) In the medium term gold looks bullish. At the moment it is worth looking for strong support levels to open long positions
1) The futures end the correction in the 1800 area.
2) The bullish trend resumes.
3) It opens the potential for growth to 1960
4) Breakout of the strong level 1876 and consolidation above it opens a new potential for an upside movement to 1900, then to 1925
5) In the near term, the price may move into consolidation (approximate range 1890-1860) to accumulate energy before further growth.
6) In the medium term gold looks bullish. At the moment it is worth looking for strong support levels to open long positions
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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