XAUUSD > What to Expect Next, and How to Trade Gold?
Analysis of #GBPCHF
The GOLD market is on a strong upside momentum right now, so definitely you don't want to be selling in here without a strong confirmation first.
as you can see, the market is now near its trendline resistance zone, also previous structure support which now acting as a resistance zone near the 1680 key market level, could be a good level for a sell if the rules are met.
on the other hand, if the market indeed falls down, we might have a very good buy level near 1640, which was a strong resistance now, becomes a support zone also FIB golden ratio 0.618 retracements.
Thanks for your continued support!
The GOLD market is on a strong upside momentum right now, so definitely you don't want to be selling in here without a strong confirmation first.
as you can see, the market is now near its trendline resistance zone, also previous structure support which now acting as a resistance zone near the 1680 key market level, could be a good level for a sell if the rules are met.
on the other hand, if the market indeed falls down, we might have a very good buy level near 1640, which was a strong resistance now, becomes a support zone also FIB golden ratio 0.618 retracements.
Thanks for your continued support!
