Gold Spot / U.S. Dollar
Long
Updated

Gold Breakout or Rejection From Key Resistance

212
In the H1 timeframe there is a string resistance zone zone around 2937-2940, and H4 FVG near 2920. There are key liquidate levels, the orevious High amd previous day low.

A buy Signal: A buy signal is confirmed if the price breaks and close above the 2940 resistance zone retest it as a support and holds the previous day high.

Bullish confirmation can from strong volume, breakout candles

Trade active
Gold tap the FVG at 2928 we can open long position from here taking as sniper entry
Trade closed manually
Trade has been closed Gold hit the FVG and boom giving us 70 pips sniper shot. Since there is a resistance zone above the FVG we need to close the trade and booked out profit

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.