Yesterday's D1 candle confirmed the Sell side after the FOMC announcement. Today's Asian session had a push but the European and American sessions are likely to sell again.
3366 will be an important breakout zone today, if broken through, the Sell side will continue to be strong and push the price deeper and limit buying when breaking this 3366 zone. 3344 is the first target, it is difficult for gold to break this zone but if it breaks right away, wait below 3296 to BUY for safety. Before that, pay attention to another support zone 3322.
3400 is the Breakout border zone from yesterday to today but gold has not broken it yet. To SELL this zone, you must also wait for the confirmation of the candle, but if you want to wait for a better SELL, you must wait for 3415 or wait at the ATH peak 3443. However, if it breaks 3400, waiting for a Buy test will be quite nice.
Support: 3343-3322-3296
Resistance: 3415-3443
Break out zone: 3366-3400
3366 will be an important breakout zone today, if broken through, the Sell side will continue to be strong and push the price deeper and limit buying when breaking this 3366 zone. 3344 is the first target, it is difficult for gold to break this zone but if it breaks right away, wait below 3296 to BUY for safety. Before that, pay attention to another support zone 3322.
3400 is the Breakout border zone from yesterday to today but gold has not broken it yet. To SELL this zone, you must also wait for the confirmation of the candle, but if you want to wait for a better SELL, you must wait for 3415 or wait at the ATH peak 3443. However, if it breaks 3400, waiting for a Buy test will be quite nice.
Support: 3343-3322-3296
Resistance: 3415-3443
Break out zone: 3366-3400
Trade active
price break 3366 zone down 150 pips. Scalping signal just brought profit 50 pipsTrade closed: target reached
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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.