The price increase at the end of the day was expected to push the price up today, but surprisingly, at the end of the Asian session and the beginning of the European session, gold fell sharply.
After the liquidity sweep to 3305.
The immediate support level that Gold is facing is 3303. This border is still used for trading in the European and American sessions. Pay attention to the daily support level around 3292.
3323 is an important resistance zone when it breaks out, you can SELL scalping here for a round and then the Asian session resistance around 3345 is considered a stable area for gold prices in the uptrend of the American session.
Note that breaking 3303 breaks the uptrend and the recovery will be weak, so consider TP for reasonable buy entries.
After the liquidity sweep to 3305.
The immediate support level that Gold is facing is 3303. This border is still used for trading in the European and American sessions. Pay attention to the daily support level around 3292.
3323 is an important resistance zone when it breaks out, you can SELL scalping here for a round and then the Asian session resistance around 3345 is considered a stable area for gold prices in the uptrend of the American session.
Note that breaking 3303 breaks the uptrend and the recovery will be weak, so consider TP for reasonable buy entries.
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JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.