Gold prices struggled to gain after Tuesday's recovery in the Asian session on Wednesday. Gold buyers tried their luck as safe-haven flows returned following uncertainty over US President Donald Trump's tariffs and a weak US economic outlook.
The SW price line is large at 2930 - 2888, all frames show hesitation right at this 2907 area.
So at least we need to see the price close above 2910 for the trend to be a bit clearer.
Gold has been held at the 2921 resistance, right at the 0.5 Fibo retracement level.
At the 2929-2930 mark, there is also the 0.618 Fibo resistance, which coincides with the previous accumulation zone.
🔴 Entry Sell scalp around 2930 stoploss 2934
🔴 Sell 2939 - 2941, stoploss 2945
Entry BUY, compared to the strength of the candle today, can only wait at a few levels:
🟢 BUY 2890 - 2888, stoploss 2885
🟢 BUY 2872 - 2870, stoploss 2866
Support: 2897 - 2862 note to pay attention to the reaction, trade later
The SW price line is large at 2930 - 2888, all frames show hesitation right at this 2907 area.
So at least we need to see the price close above 2910 for the trend to be a bit clearer.
Gold has been held at the 2921 resistance, right at the 0.5 Fibo retracement level.
At the 2929-2930 mark, there is also the 0.618 Fibo resistance, which coincides with the previous accumulation zone.
🔴 Entry Sell scalp around 2930 stoploss 2934
🔴 Sell 2939 - 2941, stoploss 2945
Entry BUY, compared to the strength of the candle today, can only wait at a few levels:
🟢 BUY 2890 - 2888, stoploss 2885
🟢 BUY 2872 - 2870, stoploss 2866
Support: 2897 - 2862 note to pay attention to the reaction, trade later
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️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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.