After reaching the very important 1780-1790 resistance zone, Gold had fallen but, instead of reaching 1740 support as I expected, found bids higher at 1755.
After this initial drop, the price started to consolidate between 1755-1770.
At this moment, from my point of view, things are pretty clear:
1. A break above the upper boundary of the range would expose the previous top, but more importantly will give a bullish bias for the coming days
2. A break under 1755 would lead to continuation to 1740 support, but more importantly would signal 1785 as an important top and 1780-1790 as very important resistance and could lead to a new test of 1680
After this initial drop, the price started to consolidate between 1755-1770.
At this moment, from my point of view, things are pretty clear:
1. A break above the upper boundary of the range would expose the previous top, but more importantly will give a bullish bias for the coming days
2. A break under 1755 would lead to continuation to 1740 support, but more importantly would signal 1785 as an important top and 1780-1790 as very important resistance and could lead to a new test of 1680
ملاحظة
Gold is trading at 1780 and it seems that 1780-1800 zone will be cleared in the next days
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.