✴️ GOLD Daily timeframe. 12 December
Gold. Daily timeframe. Daily review
1) The price from the opening makes a fall to the support level 1786, but it forms a false breakdown.
2) It is possible to assume that the consolidation will be formed between 1802-1786.
3) The trend is ascending, we can look for supports for buying
4) The price is in the volume void zone (according to the volume profile), so it can trade in this range for a long time. Its global limits are 1775-1815.
5) Today we are likely to see only consolidation, and tomorrow or closer to the middle of the week the price will be able to show us hints of further movement. Whether it is up or down, we will see.
1) The price from the opening makes a fall to the support level 1786, but it forms a false breakdown.
2) It is possible to assume that the consolidation will be formed between 1802-1786.
3) The trend is ascending, we can look for supports for buying
4) The price is in the volume void zone (according to the volume profile), so it can trade in this range for a long time. Its global limits are 1775-1815.
5) Today we are likely to see only consolidation, and tomorrow or closer to the middle of the week the price will be able to show us hints of further movement. Whether it is up or down, we will see.
❤️ Telegram channel: t.me/AndeWave
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