After reaching the lowest level in 3 weeks around 2315, gold reacted strongly and increased to 10 levels. The latest break out level at 2337 is still doing well as resistance today, my expectation is that gold will fall to the 2305-2300 range. today. Although in the h4 time frame gold is in a short-term downtrend, back in the daily frame gold is still ready to increase strongly at any time.
Support: 2,305 – 2,300USD
Resistance: 2,340 – 2,353USD
BUY price range 2306 - 2304 stoploss 2300
SELL price range 2340 - 2342 stoploss 2346
Support: 2,305 – 2,300USD
Resistance: 2,340 – 2,353USD
BUY price range 2306 - 2304 stoploss 2300
SELL price range 2340 - 2342 stoploss 2346
Trade active
SELL 2340 2342 + 50 pips
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