GOLD (XAUUSD) Key HISTORICAL Level AHEAD! Important Update!
Updated
hey guys,
what a bullish rally on gold.
3 strong bullish daily candles in a row...
HOWEVER, analyzing the historical perspective we may notice that price is entering a historical resistance cluster:
1780 - 1802 is a supply zone based on 2011 - 2012 price action.
on a daily the price formed a harmonic movement with D point lying perfectly within the underlined structure.
based on that I want to warn you that it is too late to buy and now the best option for us it to wait for a intraday short trade.
(or if you are bullish biased, not trade at all until a good long entry on discount)
pay attention to the price action on 1H and look for a reversal formation.
I will try to catch some quick short trade but for now PATIENCE!
good luck!
Trade closed: target reached
Watch new VIDEO on OIL!!! 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.