Short
Gold price hitting resistance
Price has moved up from 1785 to 1800 which resisted by previous high. With 1804 remains, we will expect price to retrace back to 1785
We see that the next resistance at 1811 and this do not break strongly on the day chart, the overall price of gold will continue to stay weak and downward bias.
We see that the next resistance at 1811 and this do not break strongly on the day chart, the overall price of gold will continue to stay weak and downward bias.
Trade closed: stop reached
Close out at 1800.5
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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.