Approaching weekly supply area at around 1850. This looks very likely at the moment especially with the two bullish weekly candles. This is an important week, for this to go down anytime soon we don’t want to see another bullish weekly candle. This to us suggest that Gold can potentially make a big move at some point over the next few days.
What we’re looking for is support below at the 1828-35 levels on the weekly and then the momentum to break up above 1850 to target the levels of approximately 1860-65 before the potential for a decline.
Our Key Levels:
1850 (psychological level)
1865-70 (Liquidity grab)
1880 (breaking and closing above this level will void our bearish view)
1900 (We all know what this means)
Support:
1835
1821
1813
1782
Resistance:
1850
1860
1868-75
1888-90
As always, trade safe. Please do your own due dilligence, not trading advice.
What we’re looking for is support below at the 1828-35 levels on the weekly and then the momentum to break up above 1850 to target the levels of approximately 1860-65 before the potential for a decline.
Our Key Levels:
1850 (psychological level)
1865-70 (Liquidity grab)
1880 (breaking and closing above this level will void our bearish view)
1900 (We all know what this means)
Support:
1835
1821
1813
1782
Resistance:
1850
1860
1868-75
1888-90
As always, trade safe. Please do your own due dilligence, not trading advice.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: 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.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: 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.