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GOLD (XAUUSD) Key Points to Watch

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Bullish rally continues on gold.

The market is currently trading within a rising parallel channel.

Here are the main key levels to watch:
  • The closest support is based on a support line of a channel
    and the confluence with a major daily underlined horizontal support
  • The closest resistance is based on the resistance of the channel
  • The next major resistance is 1815 daily structure cluster


Key levels serve as save points to trade from.
While the price is within, it is better to stay away.

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Nota
Check my new analysis on EURUSD:
EURUSD: Your Trading Plan For Next Week

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