Where can you sell Gold? 1950 resistance level?
Hello traders, in my previous Gold idea I recommended buying the dip
near 1860 level.( idea attached below). As you have noticed, Gold has
rallied strongly above 1900.
Currently, price action is still bullish. So, if Gold bulls manage to take out
the minor hurdle at 1910, the chance for a strong uptrend to 1954 will be
on the cards.
1954 level, is however a strong supply zone with multiple rejections in the past.
Hence, sellers need to wait for 1950 level to hit before deciding to sell.
near 1860 level.( idea attached below). As you have noticed, Gold has
rallied strongly above 1900.
Currently, price action is still bullish. So, if Gold bulls manage to take out
the minor hurdle at 1910, the chance for a strong uptrend to 1954 will be
on the cards.
1954 level, is however a strong supply zone with multiple rejections in the past.
Hence, sellers need to wait for 1950 level to hit before deciding to sell.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.