Gold bullish target 1964 almost reached.
Gold is encountering resistances (yellow arrows in the circle) in every steps upwards. We've closed most of our buy-stop orders opened at 1935, but only keep 1 lot with SL1934.
No bullish chasing above 1965 even there's a possibility to reach 1985 because on 4H chart, gold is moving the 2nd move trying to test 1965. But on 15M, 30M, 1H chart, gold is over bought.
* 1st resistance: 1965. 2nd resistance: 1985.
* 1st support: 1955. 2nd support: 1935.
* critical positions: 1955, 1965.
No bullish chasing above 1965 even there's a possibility to reach 1985 because on 4H chart, gold is moving the 2nd move trying to test 1965. But on 15M, 30M, 1H chart, gold is over bought.
* 1st resistance: 1965. 2nd resistance: 1985.
* 1st support: 1955. 2nd support: 1935.
* critical positions: 1955, 1965.
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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.