Gold Trend 08/06
Gold remained in a tight range yesterday. The day began at 1840; the buying orders came into the market once the price had touched the day-low early in the Asian session. The price gradually climbed toward the day-high near 1855 before the day's end. The market ended up closed at 1851, up by USD 11.
In the past 48 trading hours, the trading was bounded by a relatively tight range between 1840-60. Before a new structure is being developed on the 1-hour chart, can continue to take advantage of the overall 1830-70(2) pattern.
The overall structure hasn't changed much; still, the 1835-65 range is controlling the daily chart for the moment. Be patient for now.
S-T Resistance:
1865
1860
1850
Market price: 1848
S-T Supprots:
1840
1835-37
1830
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think!
P. To
In the past 48 trading hours, the trading was bounded by a relatively tight range between 1840-60. Before a new structure is being developed on the 1-hour chart, can continue to take advantage of the overall 1830-70(2) pattern.
The overall structure hasn't changed much; still, the 1835-65 range is controlling the daily chart for the moment. Be patient for now.
S-T Resistance:
1865
1860
1850
Market price: 1848
S-T Supprots:
1840
1835-37
1830
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think!
P. To
P. To @ 1uptick Analytics
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.