GOLD 25.10. Daily timeframe

Hello! Let's look at the daily chart
1) Gold in the range from 1729 to 1765
2) Preliminarily, the correction is over in the 1729.5 area, three bullish candlesticks are forming.
3) Positive fundamentals are pushing the price up
4) RSI is above the 50 line
5) Price is between the increased volume zones of 1763-1740 (Price may stay in this range for a while)

Grounds for fall:
1) The retest of the upward resistance line failed to break the zone
2) False breakout of yesterday's high is forming.
3) RSI gave a bearish signal a long time ago
4) Liquidity zone 1712 (according to the outline profile) - target for the sellers

Grounds for growth:
1) Renewal of global peaks.
2) did not go lower than 1729 (key support).
3) After a false breakdown, growth towards 1765 is formed.
4) Change of trend and reversal partner (base 1729.59)
5) Global target - 1850 zone (volume profile)
6) The Fed is going to soften its interest rate policy

• Consider buying:
• On a break up to 1765.5
  
• On a pullback from 1729.59
  
  
• Consider selling:
• On a breakdown down to 1729.5