Due to lack of resistance and support area in this range, the only destination for Gold right now as I see is to touch the strong support at 1790-1800 and that is where the buyers will start coming in. Furthermore, as you can see from the graph, 1816 had been rejected 3 times. A short position here to support level would be recommended by me. A safe TP would be slightly above 1800.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
Handel aktiv:
Gold has reached the zone, position is opened.