With yesterday's bearish breakout of multiple key levels,
our directional bias on Gold is very bearish.
Here are the key levels to watch for trading opportunities:
- Resistance 1 - 1750.0
Closest key resistance.
The price perfectly respected that retesting it on intraday time frames. - Resistance 2 - 1789.0 - 1796.0
The second strong resistance cluster.
This time represented as an area. - Resistance 3 - 1831.0 - 1835.0
The third major supply area. - Support 1 - 1675 - 1680
Closest key support based on a recent major rejection
and year's low.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.