GOLD (XAUUSD): Key Levels to Watch🥇

With yesterday's bearish breakout of multiple key levels,
our directional bias on Gold is very bearish.

Here are the key levels to watch for trading opportunities:

• Resistance 1 - 1750.0
  Closest key resistance.
  The price perfectly respected that retesting it on intraday time frames.
  
  
• Resistance 2 - 1789.0 - 1796.0
  The second strong resistance cluster.
  This time represented as an area.
  
  
• Resistance 3 - 1831.0 - 1835.0
  The third major supply area.
  
  
• Support 1 - 1675 - 1680
  Closest key support based on a recent major rejection
  and year's low.
  

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Yorum:

Check my new analysis on EURUSD: