Gold under bullish pressure heading for range resistance
1) Gold is in a high volume density zone and entering a void zone, above 1800-1805 price could shoot to 1810-1820 2) After a strong rise, I still expect price to be able to fall from 1800 to 1790 3) The medium term outlook is long. Potential to 1850. 4) Gold is approaching a consolidation move to resistance, but there has not been a test of the zone yet and it is too early to talk about a breakdown of resistance.
The prospect is a pullback from the resistance, but if the level is broken down, the price can go up to 1825.
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