Gold possible pullback
Hello Traders
Happy Holidays!
Gold started the week with a bullish move and gap up. The next critical resistance is seen at the Fibonacci 23.6% one-week at $1815, which if broken can lead gold to $1820.
The previous week’s high at $1825 is the level to beat for gold bulls for further gains before the end of 2022.
$1804 offers immediate support to gold buyers. A firm break below would allow commodity sellers to test $1800 and $1797. The next downside level is seen at 200 Daily Moving Average (DMA) at $1782.
We are considering selling gold as long as long as it is below $1820 - $1825 supply zone. Slow movement and consolidation are expected due to thin liquidity in the market this week.
Happy Holidays!
Gold started the week with a bullish move and gap up. The next critical resistance is seen at the Fibonacci 23.6% one-week at $1815, which if broken can lead gold to $1820.
The previous week’s high at $1825 is the level to beat for gold bulls for further gains before the end of 2022.
$1804 offers immediate support to gold buyers. A firm break below would allow commodity sellers to test $1800 and $1797. The next downside level is seen at 200 Daily Moving Average (DMA) at $1782.
We are considering selling gold as long as long as it is below $1820 - $1825 supply zone. Slow movement and consolidation are expected due to thin liquidity in the market this week.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.