Gold Approaching Major Resistance. (GOLD)
I have your upward expanding channel drawn.
1690 current support.
1735 current Resistance.
I'm getting potential cross to downside on daily but we need to see how 1690 wants to hold.
Gold has been doing very well but we need to play these all time high Resistance levels with due respect.
We are hitting the top expanding wedge Resistance circled in red.
I think you want to let it breathe here a little bit and play these breaks.
Definitely I'd learn towards the drop to bottom of pattern green box.
A break on 1735 to upside I'd look to play that 1786-1790 level break back down and see if we can start to begin a sideways range in these levels.
Hope this helps.
Never give up and never stop learning how to trade. Anybody can become a successful trader. Stay dedicated, don't marry a trade that goes against you. Cut losses when needed to be done and stay patient!
Let the trade come to you.
1690 current support.
1735 current Resistance.
I'm getting potential cross to downside on daily but we need to see how 1690 wants to hold.
Gold has been doing very well but we need to play these all time high Resistance levels with due respect.
We are hitting the top expanding wedge Resistance circled in red.
I think you want to let it breathe here a little bit and play these breaks.
Definitely I'd learn towards the drop to bottom of pattern green box.
A break on 1735 to upside I'd look to play that 1786-1790 level break back down and see if we can start to begin a sideways range in these levels.
Hope this helps.
Never give up and never stop learning how to trade. Anybody can become a successful trader. Stay dedicated, don't marry a trade that goes against you. Cut losses when needed to be done and stay patient!
Let the trade come to you.
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