Gold Drops Toward 12-Hour and Daily Support Levels

92
Following the break of the bullish trend on the 8-hour timeframe and a subsequent pullback to the 4-hour resistance zone — confirmed by a breakdown on the 2-hour timeframe — we expect the price to move toward the 12-hour and daily support zone around the 2982 level.

Disclaimer: You are responsible for your own trades. Do not risk more than 2% of your account on a single setup.

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.