Gold Sell to 2,834 possible 2,728 For Weekly Higher Low
Forming a double top creating resistance at 2,880-8 , we are currently hovering at Hourly resistance of 2,860.
4 hour resistance level is at 2,834 which we can expect to see once price breaks below and retest 2,860 . Following being a support level in September 2,728 became resistance for November and December.We double bottomed at 2,600 in December , retested 2,728 and has not been back since. We have to complete the pattern and create a new higher low which will be at 2,728 based on previous chart structure.
4 hour resistance level is at 2,834 which we can expect to see once price breaks below and retest 2,860 . Following being a support level in September 2,728 became resistance for November and December.We double bottomed at 2,600 in December , retested 2,728 and has not been back since. We have to complete the pattern and create a new higher low which will be at 2,728 based on previous chart structure.
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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.