GOLD (XAUUSD): Structure Analysis & Key Levels to Watch🥇

Hey traders,

Here are the key levels to be focused on trading Gold:

• Resistance 1:
  1827 - 1837 zone based on July's highs.
  For now, it is the closest resistance and the goal for buyers.
  
  
• Resistance 2:
  1908 - 1918 zone is based on summer's high.
  
  
• Support 1:
  Recently broken major trend line.
  Being a strong resistance previously, it turned into support now.
  
  
• Support 2:
  1677 summer's low.
  

Consider these levels/areas for pullback/trend following trading.
Let the price reach them first and then look for confirmation on lower time frames to buy/sell

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تعليق:

Check my new analysis on GOLD: