Market opening this Monday was very impulsive for gold.
It looks like it is finally calming down and buying volumes decrease.
on 4H the market has reached a significant resistance level and on 1H it started to coil.
the side of the breakout of the indecision range on 1H will show us the future direction of the market.
in case of a bearish breakout, the market will most likely drop at least to 1568 with potential continuation,
in case of a bullish breakout, the market may reach 1510 resistance.
be patient and let the market decide first!
good luck!
Nota
breakout and retestwe made nice profit
now protect your position with stop to breakeven
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.