The signs projected earlier this week are being proven right on Friday, with a near 3% loss in the precious metal so far this week. However, the fundamentals still look good for more upside in Gold, with tariffs still being a main theme and not just a one-off event. Look to support levels such as $2,790 to be ready and buy back in large amounts to participate in the next rally.
On the upside, the daily Pivot Point at $2,888 is the main level to look out for as resistance in the short term. That is just below the $2,900 big figure, and the daily R1 resistance at $2,909 is also in place. Thus, some chunky resistance makes recovering back to R2 resistance at $2,941 nearly impossible this Friday.
Xauusd sell 2864
Support 2850
Support 2838
Support 2826
Resistance 2874
Resistance 2888
On the upside, the daily Pivot Point at $2,888 is the main level to look out for as resistance in the short term. That is just below the $2,900 big figure, and the daily R1 resistance at $2,909 is also in place. Thus, some chunky resistance makes recovering back to R2 resistance at $2,941 nearly impossible this Friday.
Xauusd sell 2864
Support 2850
Support 2838
Support 2826
Resistance 2874
Resistance 2888
Trade active
Xauusd sell 50 pips done Trade closed: target reached
Xauusd sell 90 pips running Note
Check my chart 📈Note
1 support hit 140 pips done 👍Note
2 support hit 260 pips done 👍Note
Check my work Note
Gold sell 
Gold signal
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Gold signal
t.me/ProTrader_9
My Channel Link
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Check My Performance
t.me/ProTrader_9
My Channel Link
t.me/ProTrader_9
Check My Performance
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.