Hey traders,
Gold reached our goal - 1815 level.
And though it was considered to be a strong key level,
for now, we don't see any indication that the market will reverse from that structure.
Instead, it looks like the market is going higher.
There are two resistances that are on my radar right now:
- The market is trading in a local rising channel.
Its resistance can be a nice point for catching intraday shorting opportunities. - For swing trading, consider a confluence zone between a falling trend line of a major falling channel
and a horizontal resistance cluster 1850 - 1875.
As a confirmation, you can rely on above mentioned rising channel bear breakout.
Remember, that if you missed a bullish wave, for now, it is too risky to buy.
But it is also too risky to sell.
No rush and patience.
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Note
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.