Don't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target.
Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou
Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou
Trade closed: target reached
guyss. i will give you an update. current price level (2663.xx) still a correction movement. just see 2655.xx will be passed or not. cooling down tension in middle east push down GOLD price. 
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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.