Gold last week making new record highs are we finally going to see some retrace , Today I have marked out then key levels for the coming week both buy and sell levels are marked up.
For Asian open am expecting gold to rise until it gets rejected at key supper level 2674/76 followed by a sharp retrace coming to London session .
Key levels
Ill look for a buy at 2667 expecting 2674 to 76 as first resistance , if this breaks expect 2685 to 95 as next levels.
On the downside
Ill enter a sell at 2554 am much more comfortable on the sell side expecting 2647/42 as first resistance following that 2642/2632 next.
All this can change with political events happening in Israel/Palestine son watch out for news but technically the levels are correct.
Last week from the buy entry it ran 590 pips with 0 drawdown so hope you caught some of that
For Asian open am expecting gold to rise until it gets rejected at key supper level 2674/76 followed by a sharp retrace coming to London session .
Key levels
Ill look for a buy at 2667 expecting 2674 to 76 as first resistance , if this breaks expect 2685 to 95 as next levels.
On the downside
Ill enter a sell at 2554 am much more comfortable on the sell side expecting 2647/42 as first resistance following that 2642/2632 next.
All this can change with political events happening in Israel/Palestine son watch out for news but technically the levels are correct.
Last week from the buy entry it ran 590 pips with 0 drawdown so hope you caught some of that
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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.