Support and resistance on GOLD
After the news on Friday, we saw a 20$ move on GOLD, but then again everything went back to normal.
It looks like today will be another quite day considering the holiday in the US, but we're still paying attention to the important levels.
The support zone is the zone in which price spend the most of last week 1807-1820.
There is a big chance that we could see market pushing up from there but that will only be confirmed when price breaks above 1832.
Then we can expect a move up to 1855.
Once we see this breakout, we would have confirmed entry signal. Before that price could still move in an uncertain direction.
It looks like today will be another quite day considering the holiday in the US, but we're still paying attention to the important levels.
The support zone is the zone in which price spend the most of last week 1807-1820.
There is a big chance that we could see market pushing up from there but that will only be confirmed when price breaks above 1832.
Then we can expect a move up to 1855.
Once we see this breakout, we would have confirmed entry signal. Before that price could still move in an uncertain direction.
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