GOLD (XAUUSD): Key Levels to Watch🥇

Hey traders,

Here are key levels for you to watch on Gold.

Resistance 1:
Falling supply cluster based on a major falling trend line.

Support 1:
1822 - 1832 horizontal demand zone

Support 2:
1780 - 1790 horizontal demand zone

Support 3:
1753 - 1763 horizontal demand zone

I am still bullish and expect a continuation to the closest resistance.
However, as you can see the price is coiling between Support 1 and Resistance 1.
One of them will be broken soon initiating a strong bearish/bullish wave.
Be prepared for a breakout trade.

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تعليق:

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