GOLD TECHNICAL ANALYSIS
Gold prices popped higher from support near 11680/OZ, pushing through downward-sloping resistance guiding them lower since the beginning of the year. While this seems to neutralize near-term selling pressure, buyers have yet to clear support-turned-resistance in the 1747-66 zone. This means that the next phase of trend development may be sideways consolidation, and not necessarily an extended reversal higher.
Entry: 1744
Sl 1765
Tp1: 1677
Tp2: 1640
Gold prices popped higher from support near 11680/OZ, pushing through downward-sloping resistance guiding them lower since the beginning of the year. While this seems to neutralize near-term selling pressure, buyers have yet to clear support-turned-resistance in the 1747-66 zone. This means that the next phase of trend development may be sideways consolidation, and not necessarily an extended reversal higher.
Entry: 1744
Sl 1765
Tp1: 1677
Tp2: 1640
Note
Alternative scenario above 1795 buy to 1860Note
Gold going towards 1745. Then watch for sell or buy above 1765.Trade save
Note
Se buy to 1744 then watch for buy or farther sell ås the charts above showing
Note
Note
TARGETING 1800.befor selling to the breakout @1722 for possible correction before go long termTrade closed manually
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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.