In our previous post, we highlighted the yellow box area where we expected Gold to find support and indicated that price is at a discount level.
This week we are expecting the price to retrace to around the 1827-1850 Zone.
The first level we will be observing is 1803 - 1815 Zone as this can be an area gold of resistance, and if Gold intends to drop lower, it is likely to bounce off this zone.
We have a long position running, and we will be looking to close majority of the position around 1803. Then wait and see what price does. IF the price pushes above 1815, we will be looking to go long again.
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Trade Safe and manage your risk. Everything we share is not financial advice.
This week we are expecting the price to retrace to around the 1827-1850 Zone.
The first level we will be observing is 1803 - 1815 Zone as this can be an area gold of resistance, and if Gold intends to drop lower, it is likely to bounce off this zone.
We have a long position running, and we will be looking to close majority of the position around 1803. Then wait and see what price does. IF the price pushes above 1815, we will be looking to go long again.
If you find our analysis and ideas helpful:
Please follow
Hit the like button
Share your thoughts and leave a comment.
Thank you for your support🙏🙏🙏
Trade Safe and manage your risk. Everything we share is not financial advice.
