Gold at double top resistance in the daily chart, 1900 soon?
In my previous couple of ideas, I have highlighted why selling Gold at 2050 -2070 level is
a wise choice and even now, my bias still remains the same.
As you can see from the chart, XAUUSD has failed to break the crucial resistance of 2070.
So, we can expect even more drop in Gold prices in the coming days.
If you have sold at 2050-2070, I believe you can continue holding your sells with 1920
as the initial target. Fresh sell trades can be executed if Gold price reaches the resistance
zone again.
a wise choice and even now, my bias still remains the same.
As you can see from the chart, XAUUSD has failed to break the crucial resistance of 2070.
So, we can expect even more drop in Gold prices in the coming days.
If you have sold at 2050-2070, I believe you can continue holding your sells with 1920
as the initial target. Fresh sell trades can be executed if Gold price reaches the resistance
zone again.
Note
Price reached target
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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.
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.