Resistance @ 1805 level held pretty nicely, no candle close above it on the daily, even on the 4hr chart. This means if we don't see a retest of that resistance level, then this move lower would be an impulse move for a new low. However, if we get a move back up to 1805, then more than likely we would see Gold heading to the top of the bearish channel. 😎
Happy Trading folks!
Cheers!
Happy Trading folks!
Cheers!
Note
🤞 Note
Reversal Trade - Note
Just saw that we didn't reach 1805 🙄
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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.