Here is my fresh structure analysis for Gold.
Resistance 1: falling trend line of a falling parallel channel
Resistance 2: 1726 - 1736 area
Resistance 3: 1758 - 1765 area
Resistance 4: 1801 - 1808 area
Support 1: 1680 - 1689 area
The market is currently testing Resistance 1.
If the price breaks that, gold will immediately face Resistance 2,
so if you want to buy the breakout, you need a daily candle close above these 2 structures first.
Alternatively, if you are bearish biased, consider shorting the resistance of the channel.
Wait for a confirmation to short.
I am currently waiting. It looks like the market participants are looking for this week's fundamentals to start pushing.
ā¤ļøIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!ā¤ļø
ā
My Telegram Channel: t.me/VasilyTrading
āļøYouTube Channel: youtube.com/c/VasilyTrader
ā Facebook: facebook.com/VasilyTrading/
ā Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
āļøYouTube Channel: youtube.com/c/VasilyTrader
ā Facebook: facebook.com/VasilyTrading/
ā Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
ā
My Telegram Channel: t.me/VasilyTrading
āļøYouTube Channel: youtube.com/c/VasilyTrader
ā Facebook: facebook.com/VasilyTrading/
ā Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
āļøYouTube Channel: youtube.com/c/VasilyTrader
ā Facebook: facebook.com/VasilyTrading/
ā Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.