🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
GOLD → Gold is consolidating, there could be a lot of traps.
Within the medium-term perspective on D1, the price is forming a setup for medium-term sales, but there is no confirmation yet. On the local chart the price is in an uptrend and is preparing to continue rising. On the d1 chart on the left we see consolidation formation for 4-5 days, most likely gold may try to break the resistance to reach the liquidity area of 1925 and 1935, but from the mentioned resistance area in the medium term price may react in a bearish way. At the moment gold is slowly rising and at the same time forming strong bearish impulses, the market is saving energy to move in one direction or the other, partly the situation depends on the DXY dollar index.
Support levels: 1916, 1910
Resistance levels: 1920, 1925, 1930
I expect consolidation in the specified range, a false breakout of one of the trend boundaries or flat is possible, while the market is consolidating it is difficult for us to determine the exact future direction.
(Source from: TV-RLinda)