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Gold Spot / U.S. Dollar
Long
Updated

GOLD (XAUUSD): Structure Analysis & Key Levels to Watch🥇

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Hey traders,

Here are the key levels to be focused on trading Gold:

  • Resistance 1:
    1827 - 1837 zone based on July's highs.
    For now, it is the closest resistance and the goal for buyers.

  • Resistance 2:
    1908 - 1918 zone is based on summer's high.

  • Support 1:
    Recently broken major trend line.
    Being a strong resistance previously, it turned into support now.

  • Support 2:
    1677 summer's low.

Consider these levels/areas for pullback/trend following trading.
Let the price reach them first and then look for confirmation on lower time frames to buy/sell

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Note
Check my new analysis on GOLD:
GOLD (XAUUSD): Peculiar Zone to Watch 🥇
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Also on:
futuresGoldSilverSupply and DemandSupport and ResistanceTrend LinesXAG USD ( Silver / US Dollar)XAUUSD

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futuresGoldSilverSupply and DemandSupport and ResistanceTrend LinesXAG USD ( Silver / US Dollar)XAUUSD
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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.