RLinda ! GOLD-> Continuation of the fall after a pullback
GOLD: The market is dominated by sellers and the price continues to decline. Within the descending price channel, we can see the price makes an excellent breakdown of the resistance and goes down to the important support 1698.
The price makes a false break against the trend and starts to form a pullback towards resistance 1720.
I assume that the fall may continue after the end of the pullback and the end of the pullback may occur at the resistance level of 1720. The short-term target is the support of 1698 and 1681.
Regards to R.Linda!
The price makes a false break against the trend and starts to form a pullback towards resistance 1720.
I assume that the fall may continue after the end of the pullback and the end of the pullback may occur at the resistance level of 1720. The short-term target is the support of 1698 and 1681.
Regards to R.Linda!
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