gold market sideways towards upside
what happen first week was a gold rush towards 3400 after a gap on Monday.
when reaches on Thursdays there was a strong 600pip rejections however when gold dip to 3295 of Monday gap. it fulfil coverage of FVG.
and pushes gold back to 3338. from which respecting support at 3302 and pushes back up to 3349 yesterday. and pullback only to 3316.
at the moment the market showing signs of recovery as EQL was formed, HH & HL is present. so potential for gold to retest 3400 is higher.
bias is bullish. however we have 3345-50, 3375, 3340 itself as resistance where current support stands at 3302,312,3316 and 3327.
what happen first week was a gold rush towards 3400 after a gap on Monday.
when reaches on Thursdays there was a strong 600pip rejections however when gold dip to 3295 of Monday gap. it fulfil coverage of FVG.
and pushes gold back to 3338. from which respecting support at 3302 and pushes back up to 3349 yesterday. and pullback only to 3316.
at the moment the market showing signs of recovery as EQL was formed, HH & HL is present. so potential for gold to retest 3400 is higher.
bias is bullish. however we have 3345-50, 3375, 3340 itself as resistance where current support stands at 3302,312,3316 and 3327.
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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.