GOLD has made an impluse move to the downside from 1365-1282, some might count it as 1/2/3/5 waves. it has the probablity to be complete at 1282, caution is warranted
break below 1280 then likely to retest 1260-1250 price zone, prices to consolidate and will be volatile therefore trade with care.
resistance zones: 1300-1320/1330-1350
support zones: 1280-1260/ 1250-1230
below 1230 then likely to retest 1200-1180.
Above 1350-1375 then 1400-1420/1430-1450/1470-1485/1500-1525.
break below 1280 then likely to retest 1260-1250 price zone, prices to consolidate and will be volatile therefore trade with care.
resistance zones: 1300-1320/1330-1350
support zones: 1280-1260/ 1250-1230
below 1230 then likely to retest 1200-1180.
Above 1350-1375 then 1400-1420/1430-1450/1470-1485/1500-1525.
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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.