Gold 28.10 A rebound from strong resistance or a breakout?

٢٨ نوفمبر ٢٠٢٢

Let's look at the hourly timeframe and the local situation

1) Gold tends to the local resistance.
2) From low to resistance, gold may use up all of its energy (not enough energy to break through resistance)
3) Resistance range falls on a zone of increased volume (heavy zone)
4) A break-down of the resistance zone of 1763-1766 may provoke a strong momentum towards 1784
5) The priority is a bounce of the price from 1765. The target in this case is supports of 1746 and 1730

٢٨ نوفمبر ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

GOLD +200 pips. Target 1 reached