🔸Hello traders, today let's review the 2 hour chart for gold. Expecting range locked price action next few weeks, we got clearly defined s/r zones, which are marked on the chart.
🔸Short-term pullback in progress, strong support zones below at 1955 usd and 1940 usd. Resistances overhead at 2025 usd and 2040 usd. re-test of resistances is a high probability setup.
🔸Recommended strategy bulls: buy low near s/r zones 1940/1955 usd, bulls will target re-test of overhead resistances at 2025 usd and 2040 usd. Conservative TP bulls is 2025 usd.
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