XAUUSD
GOLD returns to the consolidation area of 3388-3403 after falling and landing at support 3366. The strength of the SELLER still looks quite strong considering that there has been no confirmation of buyer power at all such as Bullish Engulfing or other large bullish candles. GOLD will still fall again and has the potential to reach the support range of 3350 - 3366 as long as there is no penetration of resistance 3408
[suggested open trade today]
Congratulations on yesterday's profit. Today we will try to wait and see the movement of GOLD again before determining the entry.
R3 3500
R2 3427
R1 3408
PV 3379
S1 3366
S2 3350
S3 3286
GOLD returns to the consolidation area of 3388-3403 after falling and landing at support 3366. The strength of the SELLER still looks quite strong considering that there has been no confirmation of buyer power at all such as Bullish Engulfing or other large bullish candles. GOLD will still fall again and has the potential to reach the support range of 3350 - 3366 as long as there is no penetration of resistance 3408
[suggested open trade today]
Congratulations on yesterday's profit. Today we will try to wait and see the movement of GOLD again before determining the entry.
R3 3500
R2 3427
R1 3408
PV 3379
S1 3366
S2 3350
S3 3286
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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.
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.