The gold is trading inside the green down trend channel which is inside the golden down trend channel,
Later friday last week gold seems to holding the important support level 1642-1644, but on monday gold seems to be open gap down.
1615-1619 is next important support and we reckon it will hold and start a rally towards 1655 and then 1675,
1672-1675, is still a big hurdle and strong ressistance , there gold might get a pullback towards 1660-1655 and then a breakout above will open the way to 1705-1710.
Important support levels - 1640-1644 , then 1615-1616
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🔵 FREE TELEGRAM CHANNEL: t.me/fxoverseas
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
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.