The D1 candle cluster on Friday broke the sideway structure near the AHT peak and confirmed the downtrend for Gold price by breaking through 50% of the main bullish candle on June 2.
After touching the Gap zone around 3395. Gold price pushed up quite high in Tokyo trading session today and headed towards the first resistance levels around 3319. This area can wait for reaction and SELL to return because this is the area where the Sellers accumulated quite strongly at the beginning of the session.
The European session will pay more attention to the 3334 area with a breakout point also quite important on Friday. If from 3334 the gold price falls, it will form a strong fall according to the downtrend structure and head towards 3275 soon.
SELL is following the trend and can sustain profits far away, while BUY points are considered to find a corrective reaction wave, so narrow expectations.
Support: 3295, 3275
Resistance: 3319, 3334, 3345, 3359
Wish you a successful trading day
After touching the Gap zone around 3395. Gold price pushed up quite high in Tokyo trading session today and headed towards the first resistance levels around 3319. This area can wait for reaction and SELL to return because this is the area where the Sellers accumulated quite strongly at the beginning of the session.
The European session will pay more attention to the 3334 area with a breakout point also quite important on Friday. If from 3334 the gold price falls, it will form a strong fall according to the downtrend structure and head towards 3275 soon.
SELL is following the trend and can sustain profits far away, while BUY points are considered to find a corrective reaction wave, so narrow expectations.
Support: 3295, 3275
Resistance: 3319, 3334, 3345, 3359
Wish you a successful trading day
Trade active
Resistance zone 3219 has been broken. we have hit SL at this price zone. let's wait for new strategy at next resistance and support zoneTrade closed: target reached
RESISTANCE 3334 + 200 pips profit, Congratulation all my followers
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
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.