Gold weekly buy and sell levels to watch out for this coming week, there is a possibility that we will initially see a rise in gold at market open and then a sharp retrace to previous levels of support, I have uploaded a swing trade also to try and capture this.
For the coming week am not entering a buy until I see 2662 to 2666 which is key resistance , if broken follow the key levels on the upside.
For a sell am looking at entering at 2647 expecting 2642 to 2640 as first support if broken expecting 2630 to 2632 as next support.
My Bias this week is bearish but only after we test previous resistance
For the coming week am not entering a buy until I see 2662 to 2666 which is key resistance , if broken follow the key levels on the upside.
For a sell am looking at entering at 2647 expecting 2642 to 2640 as first support if broken expecting 2630 to 2632 as next support.
My Bias this week is bearish but only after we test previous resistance
Note
Sell was activated for 70 pips good start to the week , lets watch the rest of the levelsTrade closed: target reached
410 pips on the sell level
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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.