GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures
Resistance 1: 2054 - 2064 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1964 - 1980 area
Support 2: 1931 - 1938 area
Vertical Structures
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading.
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Goldforecasts
GOLD (XAUUSD): Time to Grow?! 🥇
I see multiple strong bullish signals on Gold after a test
of a key daily horizontal support.
The price violated and closed above a resistance line of a falling wedge pattern.
The market also formed an inside bar formation, the range of the mother's bar
was violated as well.
These 2 bullish confirmation indicate a highly probable bullish continuation.
Next resistance - 2076
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