Gold Trend 08/04
Gold continued to trade in a tight range yesterday. The market opened at 1923. After wandering around 1920-23 in the Asian session, the price has started to climb as it approached the European session; and peaked at 1937 during the US trading hours. The day ended at 1931, up by USD 7.
The structure hasn't changed at all in the 1-hour chart; we can continue to take full advantage of the 1915-42(1) range until the pattern changes.
The trend in the daily chart alines with the 1-hour chart, where 1915-42 remain the range in S-T.
S-T Resistances:
1950
1940-41
1930
Market price: 1928
S-T Supports:
1920-18
1915
1910-08
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think!
P. To
The structure hasn't changed at all in the 1-hour chart; we can continue to take full advantage of the 1915-42(1) range until the pattern changes.
The trend in the daily chart alines with the 1-hour chart, where 1915-42 remain the range in S-T.
S-T Resistances:
1950
1940-41
1930
Market price: 1928
S-T Supports:
1920-18
1915
1910-08
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think!
P. To
P. To @ 1uptick Analytics
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