Gold price reacted at the Trenline and EMA 34 yesterday and bounced back but still closed below the breakout zone of 3335.
The downtrend can still continue as long as 3335 remains strong today.
H4 shows the provincial port area at 3295 and 3275 in the opposite direction of the provincial port at 3339 and 3365.
H1 is still forming a clear downtrend. 3309 is the immediate resistance zone. is the price zone that can scalp breakout if it closes above this zone. break 3309 Gold will head to 3327 in this zone, if you want to SELL, you have to wait for confirmation from the selling candle. When the buyers push the price strongly through 3327, you have to wait for the US session resistance around 3338 yesterday. Resistance and support during the day are noted around 3275 and 3365
The downtrend can still continue as long as 3335 remains strong today.
H4 shows the provincial port area at 3295 and 3275 in the opposite direction of the provincial port at 3339 and 3365.
H1 is still forming a clear downtrend. 3309 is the immediate resistance zone. is the price zone that can scalp breakout if it closes above this zone. break 3309 Gold will head to 3327 in this zone, if you want to SELL, you have to wait for confirmation from the selling candle. When the buyers push the price strongly through 3327, you have to wait for the US session resistance around 3338 yesterday. Resistance and support during the day are noted around 3275 and 3365
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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.