Hey traders,
Gold broke a key horizontal structure yesterday.
Here is my latest structure analysis.
Resistance 1: 1784 - 1790 area.
Resistance 2: 1805 - 1814 area.
Support 1: 1752 - 1758 area.
Support 2: 1722 - 1728 area.
As you can see, the price did not manage to reach Support 1 after a breakout.
For that reasons, I remain bearish biased and assume that the market will go lower soon.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.