Hey traders,
Here is my structure analysis for Gold for this week.
Resistance 1: 1801 - 1810 area
Resistance 2: 1856 - 1857 area
Resistance 3: 1871 - 1879 area
Support 1: 1757 - 1764 area
Support 2: 1727 - 1741 area
The price has nicely respected Resistance 1 and dropped from that.
Now, everything depends on the reaction of the price to Support 1.
Watch carefully and consider the underlined structure for pullback / breakout trading.
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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.