This is the 1 hour Chart of Gold!.
Gold is forming a bearish structure and is consistently respecting the resistance zone, leading to a downward move. The key resistance area is between 97,800 and 97,400..
Gold is finding support in the 96,250 – 96,330 zone on the short time frame.
A breakdown below this level may trigger aggressive selling pressure.
Thank you !!
Gold is forming a bearish structure and is consistently respecting the resistance zone, leading to a downward move. The key resistance area is between 97,800 and 97,400..
Gold is finding support in the 96,250 – 96,330 zone on the short time frame.
A breakdown below this level may trigger aggressive selling pressure.
Thank you !!
@RahulSaraoge
Connect us at t.me/Fivecirclesofficial
Connect us at t.me/Fivecirclesofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSaraoge
Connect us at t.me/Fivecirclesofficial
Connect us at t.me/Fivecirclesofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.