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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❗️YouTube Channel: youtube.com/c/VasilyTrader
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⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.