gold
gold weekly technical analysis
Gold is moving in a strong upside wave. We expect the continuation of the rise from the purchasing liquidity support area at 1826.05 levels, to target the selling liquidity resistance area at 1855.43 levels, and from the resistance area it is expected to form the top of the week.
But in the event that a four-hour candle closes below the level of 1817.49, we expect it to drop directly, targeting the purchasing liquidity support area at 1786.86 levels, from which we expect the week’s bottom to form.
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