GOLD Daily timeframe. 8 December
Gold. Daily timeframe. Daily review
1) Yesterday we tested the resistance at 1786 with a false-break.
2) The new candlestick did not renew the local maximum, opened under the level, made a false-break and went down. Maybe for the retest.
3) The trend is ascending, the price is still in the 1765-1786 range.
4) Yesterday's closing near the level of 1786 suggests that the growth may continue
5) I expect the retest of 1786 and a break-down of levels to enter the position
6) Targets: 1802, 1825, 1860 and 1869
1) Yesterday we tested the resistance at 1786 with a false-break.
2) The new candlestick did not renew the local maximum, opened under the level, made a false-break and went down. Maybe for the retest.
3) The trend is ascending, the price is still in the 1765-1786 range.
4) Yesterday's closing near the level of 1786 suggests that the growth may continue
5) I expect the retest of 1786 and a break-down of levels to enter the position
6) Targets: 1802, 1825, 1860 and 1869
❤️ Telegram channel: t.me/AndeWave
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